PostHeaderIcon Fitch Downgrades Parma, Ohio’s ULTGOs to ‘AA-’ and LTGOs to ‘A+’; Outlook to Stable


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Fiscally, Obama has had a rough summer
PALO ALTO, Calif. — Has the Obama administration learned anything from the string of fiscal setbacks it has suffered this summer? First, at the Group of 20 Summit in Canada, President Barack Obama was soundly rebuffed by Canadian Prime Minister Stephen Harper, British Prime Minister David Cameron and German Chancellor Angela Merkel, among others, on his demand for additional fiscal stimulus …

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Fitch Downgrades Parma, Ohio’s ULTGOs to ‘AA-’ and LTGOs to ‘A+’; Outlook to Stable
NEW YORK–(BUSINESS WIRE)–Fitch Ratings takes the following rating actions on Parma, Ohio’s (the city) general obligation bonds as a part of its continuous surveillance effort: –Approximately $2.3 million unlimited tax general obligation (ULTGO) bonds, downgraded to ‘AA-’ from ‘AA’; –Approximately $20.2 million limited tax general obligation (LTGO) bonds, downgraded to ‘A+’ from ‘AA’. The …

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