Moody's downgrades to A1 from Aa2 the City of Lafayette, IN's pre-circuit breaker lease revenue rating

Posted on: March 25, 2015, 5:56 pm

New York, March 25, 2015 -- Moody's Investors Service has downgraded to A1 from Aa2 the rating on the City of Lafayette's (IN) pre-circuit breaker lease revenue debt. Concurrently, Moody's has downgraded to A2 from Aa3 the rating on the city's and the Lafayette Park District's (IN) post-circuit breaker lease revenue debt. The city has approximately $43.6 million in total debt outstanding, of which $22.8 million is rated by Moody's. The park district has $12.3 million in total debt outstanding, of which $4.5 million is rated by Moody's...

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