TPPF statement on Moody’s “negative” debt outlook for the City of Houston
Moody’s Investor Services, one of the nation’s top three credit rating agencies, revised the City of Houston’s general obligation debt outlook to “negative” citing, among other things, increased government spending, rising debt payments, and mounting pension costs. Moody’s report is the latest signal that the status quo is unsustainable in the Bayou City.
Press Release July 7, 2015