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Thursday, April 18, 2013

Moody's may cut Cincinnati bond rating due to pension data

Mike Leake had three hits and gave up just three hits over seven innings in the Reds' 11-2 rout of... Cincinnati, Chicago, Minneapolis and 26 other municipalities may face credit-rating downgrades affecting $12.5 billion in debt because pension liabilities are underreported, Moody's Investors Service said.

http://news.cincinnati.com/apps/pbcs.dll/article?AID=/AB/20130418/NEWS/304180075/&gcheck=1

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