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9 American Cities With The Worst Credit Ratings

Cities Broke

First Posted: 09/29/11 10:41 AM ET Updated: 11/29/11 05:12 AM ET

24/7 Wall St.:

Of the 7,800 bonds in the U.S. secured by state or local governments, only 25 are currently speculative-grade, or junk-bonds, rated by Moody’s Ba1 or lower. Only municipalities received such low ratings, and the reasons vary. Moody’s report, “A Look at Speculative-Grade Local Governments in the Wake of the Recession,” details the economic issues that have lead each into junk-bond territory. 24/7 Wall St. has analyzed the nine worst cities, whose credit rating is Ba2 and lower.

Read the whole story: 24/7 Wall St.

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Filed by Harry Bradford  |