Cincinnati's bond rating lowered by Moody's - WAFB 9 News Baton Rouge, Louisiana News, Weather, Sports

Cincinnati's bond rating lowered

Posted: Updated: July 17, 2013 07:49 AM
CINCINNATI, OH (FOX19) -

Cincinnati's bond rating is now lower.

Moody's Investor Services downgraded the city on Monday because of the city's troubled pension fund.

This means it could cost millions of dollars more to borrow money for future projects. However, the rating is still the third-highest available.

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