Moody’s Investors Service downgraded the city of St.Louis’s general obligation debt to A2 from A1. Moody’s cited the City’s weak reserve and liquidity position, reliance on economically sensitive revenues and below average wealth levels. Moody’s also downgraded the City’s Municipal Finance Corp.’s debt to A3 from A2 and Baa1 from A3 for essential purpose and non-essential purpose revenue debt respectively.
