Moody’s Upgrades Pittsburgh’s Bond Credit Rating

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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Plan Maps Future For Murrysville

Map of Pennsylvania highlighting Westmoreland County (Photo credit: Wikipedia)

Murrysville is home to an aging population along with younger families who can’t afford to buy the empty-nesters’ larger lots, according to an architect who is developing the municipality’s comprehensive plan.

The plan provides a glimpse into Murrysville’s future, including some trends that are beginning to emerge, Andrew Schwartz, of Pittsburgh-based Environmental Planning and Design, told officials this week.

“You need to start thinking about that (55- to 65-year-old demographic) now,” Schwartz said. “Are there some places that maybe there should be higher densities encouraged?”

Read more: http://triblive.com/news/westmoreland/5284558-74/plan-murrysville-council#ixzz2oKIFIRmI
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