Port Arthur's Credit Rating Drops to A-minus After General Fund Draining
Port Arthur's credit rating was downgraded two notches by S & P Global Ratings, falling from A-plus to A-minus. This followed the city draining millions from its general fund for capital needs and emergency water/sewer spending. The downgrade cites years of deficits and significant transfers out of the general fund.
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- kfdm.comOct 2, 12:00 AM