A map of Pittsburgh, Pennsylvania with its neighborhoods labeled. For use primarily in the list of Pittsburgh neighborhoods. (Photo credit: Wikipedia)
Moody’s Investors Service upgraded Pittsburgh’s bond rating outlook from stable to positive Thursday, which Mayor Bill Peduto called a sign of improved financial health.
“The positive outlook reflects the steps the city has taken to reduce its long-term liabilities,” Moody’s wrote.
Along with the outlook upgrade, Moody’s affirmed its A1 rating on approximately $530 million in outstanding general obligation debt.
Standard & Poor’s ratings agency this week announced it is maintaining the city’s A+ bond rating, city officials said.
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