Paul Snyder paul.snyder@dailyreporter.com Two national investment firms downgraded Dane County’s bond rating, giving supervisors one more reason to curb borrowing for construction projects. Moody’s Investors Service and Fitch Ratings, both based in New York, dropped Dane County from AAA to AA status primarily because the county’s reserve budget deteriorated between 2008 and 2009, according to [...]
Published: July 27, 2009
Tags: bond, borrowing, insurance, League of Wisconsin Municipalities, National League of Cities, Sun Prairie
Sean Ryan sean.ryan@dailyreporter.com Sun Prairie eluded jacked-up interest payments when it borrowed $8.7 million last month to reconstruct Main Street. Other cities and villages might not be so fortunate if the skittishness afflicting the national municipal bond market catches on in Wisconsin. Sun Prairie is in good shape to borrow money because the city has [...]
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