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

Keyword: Moody's Investors Service

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Moody’s lauds Long Beach for fiscal crisis declaration

A week after the City Council declared a fiscal crisis, Moody’s Investors Service, the credit agency that knocked Long Beach’s bond rating down five levels to near-junk-bond status, praised city … more

Anthony Rifilato | 2/15/12

Hundreds of residents turned out for the meeting, and several called for a criminal investigation.

Long Beach declares fiscal crisis

The Long Beach City Council voted unanimously on Tuesday to formally declare a fiscal crisis, after an independent auditor presented a bleak picture of the city’s finances and a number of residents … more

By Anthony Rifilato | 2/8/12

City Manager Jack Schnirman proposed a resolution declaring a fiscal crisis, part of an effort to rein in spending.

Long Beach City Council tables resolution declaring fiscal crisis

The Long Beach City Council decided to postpone declaring a fiscal crisis at its meeting on Tuesday, as the city contends with a looming budget deficit, $48.3 million in general-obligation debt … more

By Anthony Rifilato arifilato@liherald.com | 1/18/12

City Manager Jack Schnirman, third from left, met with department heads last week to implement a more efficient snow removal plan.

Long Beach city manager to declare ‘fiscal crisis’

The Long Beach City Council will be asked to declare a fiscal crisis during its meeting on Tuesday, as the city contends with a looming budget deficit, a structural imbalance, a credit-rating … more

Anthony Rifilato | 1/13/12

Long Beach City Council meeting gets heated

A special City Council meeting on Saturday grew heated amid a discussion over the state of the city’s finances, before the council passed a resolution to allocate money recently acquired through a … more

Anthony Rifilato | 12/21/11

The Long Beach City Council approved a borrowing measure last month to make payroll by Dec. 23 and pay outgoing employees amid a cash-flow shortfall.

Moody’s downgrades Long Beach's credit rating

Moody’s Investor Services, which gave the city a solid bond rating last year, downgraded the city’s financial status in a scathing report released on Tuesday, following a recent cash-flow … more

Anthony Rifilato | 12/19/11

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