November 16, 2024 11:24 pm
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Standard & Poor’s dings Glendale’s bond rating

GlendaleBy Caitlin McGlade | The Republic | azcentral.com

Glendale’s bond rating was downgraded this week and could continue to slide, according to Standard & Poor’s Ratings Services.

The agency dropped Glendale’s general obligation bond rating from A- to BBB+ and reported a negative outlook over the next two years, meaning the rating has more than a one-third chance of dropping further.

The city, which has spent millions to support an early-2000s vision of becoming a professional-sports hub, has struggled since the recession.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.