Moody’s Downgrades Rock Island County Forest Preserve Three Notches

 

Moody’s Investor Services has announced a three notch downgrade to A2 from Aa2 for the Rock Island County Forest Preserve’s unlimited general obligation debt. The District’s limited general obligation debt has been downgraded to A3 from Aa3.

Moody’s cited the operating deficits and the influence of the County of Rock Island board upon the District Board.  The County is experiencing its own fiscal pressures.

Moody’s Investor Services