Tallahassee's Capital Bond Rating Downgraded
The City of Tallahassee’s capital bond rating has been downgraded. Bonds are used by states and municipalities to raise money to pay for things such as infrastructure projects. On January 16, 2009 Business Wire reported that “in the course of routine surveillance, Fitch Ratings downgraded Tallahassee, Florida’s approximately $5.2 million in outstanding capital bonds series […]