Keyword: 'Moody's Investors Service' | Herald Community Newspapers

Keyword: Moody's Investors Service

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In a report issued in February, Moody’s Investors Service said that the city faces a number of financial challenges including structurally imbalanced budgets, an above average debt burden and pending reimbursements from the Federal Emergency Management Agency for Hurricane Sandy.

Moody’s: Long Beach's credit rating ‘stable’

Moody’s Investors Service recently revised Long Beach’s credit outlook from positive to stable, and while the city’s credit rating — a financial score that impacts the ability … more

By Anthony Rifilato | 4/17/18

Long Beach's fiscal stress is 'moderate'

Four years after a Democratic administration took over City Hall and faced a multi-million-dollar deficit and a depleted reserve fund that led to the declaration of a fiscal crisis, State … more

By Anthony Rifilato | 10/8/15

Moody’s gave the city a baa2 rating on Tuesday.

Moody’s upgrades city’s bond rating

Three years after the city was on the verge of bankruptcy, Moody’s Investors Service upgraded Long Beach’s bond rating a notch on Tuesday and gave the city a positive outlook, citing improved … more

By Anthony Rifilato | 2/4/15

City OKs $8.4 million bond measure

The City Council unanimously approved an $8.4 million bond measure on Aug. 15 for a slew of infrastructure projects throughout the city, as part of a capital improvement plan that was approved in … more

By Anthony Rifilato | 8/27/14

Moody's announced Monday that it improved the city’s outlook from stable to positive.

‘Positive’ news for city’s bond rating

Moody’s Investors Service, the credit rating agency that downgraded the city’s bond rating two years ago to just a step above junk bond status, announced Monday that it improved the city’s … more

By Anthony Rifilato | 6/11/14

Moody’s Investors Service said that because the Army Corps of Engineers coastal protection project for the barrier island received full federal funding, it would help the city’s fiscal recovery.

Funding for Army Corps project a ‘credit positive’

Moody’s Investors Service is calling a federally funded coastal protection project for the barrier island a “credit positive” for Long Beach that will help the city continue its trend of … more

By Anthony Rifilato | 2/26/14

Moody’s Investors Service revised its credit rating outlook last week from negative to stable.

Long Beach lifts fiscal crisis

Saying that Long Beach has avoided the fate of Detroit, the Long Beach City Council voted unanimously on Tuesday to lift its declaration of a fiscal crisis, after Moody’s Investors Service revised … more

By Anthony Rifilato | 9/4/13

City Manager Jack Schnirman, far left, during a recent meeting with FEMA officials. Schnirman said that the city is looking for a full reimbursement for costs associated with Sandy.

Moody’s: Sandy could add to city’s financial strain

It had only been several months since the city took steps to balance its budget and close a $10 million deficit before Hurricane Sandy hit on Oct. 29, causing damage that is expected to cost the … more

By Anthony Rifilato | 11/21/12

Moody’s Investors Service is calling the city’s effort to reduce its deficit a “credit positive."

Moody’s: surcharge is a ‘credit positive’ for Long Beach

Moody’s Investors Service, the credit-rating agency that downgraded Long Beach’s rating five levels last year to a step above junk bond status, is calling the city’s effort to reduce its … more

By Anthony Rifilato | 10/3/12

The City Council voted 4-1 on Tuesday to issue $5 million in tax anticipation notes to make July payroll.

City borrows $5 million to make payroll

As the city contends with a projected $10.25 million deficit, the City Council voted 4-1 on Tuesday to borrow $5 million in tax-anticipation notes in order to make payroll at the beginning of … more

By Anthony Rifilato | 6/20/12

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