City Says Downgrade Would Affect Projects
Credit rating agencies have spared the state a rating downgrade, but some local governments are now under review. Salt Lake City, Salt Lake County and some school districts with AAA bond ratings are being reviewed by Moody’s Investors Service for possible downgrades. Darrin Casper, the county’s Chief Financial Officer, says Moody’s believes the county depends too much on federal grant money and federal jobs, but the county disagrees.




