credit http://kvpr.org en Fresno's Credit Rating Takes Another Hit http://kvpr.org/post/fresnos-credit-rating-takes-another-hit <p></p><p></p><p>The City of Fresno's precarious financial position is leading to more repercussions in the investment community. On Friday, the firm Standard &amp; Poor's&nbsp;downgraded the city's credit rating from "A" to "BBB." Last month, the two other major credit ratings agencies, Fitch and Moody's issued similar downgrades.</p><p>The rating of "BBB" is&nbsp;Standard &amp; Poor's next to lowest "investment grade" rating. The firm also gave Fresno's &nbsp;financial outlook a "negative" rating, meaning future downgrades are possible.&nbsp;</p> Mon, 20 Aug 2012 20:10:42 +0000 Joe Moore 2590 at http://kvpr.org Fresno's Credit Rating Takes Another Hit