Ratings Agency Downgrades Philadelphia Authorities' Bonds

Ratings Agency Downgrades Philadelphia Authorities' Bonds



Fitch Ratings recently downgraded the following Philadelphia Housing Authority and the Redevelopment Authority of the City of Philadelphia capital fund bonds:

  • $85 million Philadelphia Housing Authority capital fund program (CFP) revenue bonds, series A of 2002—to AA- from AA; and

  • $65 million Redevelopment Authority of the City of Philadelphia capital fund program revenue bonds series B of 2002 and series C and D of 2003—to AA- from AA.

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