Reuters: Bankruptcy News: S&P downgrades San Bernardino, Calif., refunding debt to 'CC'

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

S&P downgrades San Bernardino, Calif., refunding debt to 'CC' Jul 11th 2012, 22:56 SAN FRANCISCO, July 11 | Wed Jul 11, 2012 6:56pm EDT SAN FRANCISCO, July 11 (Reuters) - Standard & Poor's Ratings Services downgraded on Wednesday the San Bernardino, California, series 1997A lease revenue refunding bonds to 'CC' from 'BBB+' a day after the city's leaders approved a plan for a Chapter 9 bankruptcy filing. S&P said in a statement that it also placed the rating on its CreditWatch with negative implications for further downgrades.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions