KCRG KCRG TV9 Early Morning News December 22, 2015
Coralvilles big debt and what to do about it will be a big topic at Tonights City Council meeting. On december 9th, Moodys Investors Service downgraded the citys bond rating. Tts generally seen ap a negative reflection of the cityty financnc and can make it harder for coralville to borrow money. The bond rating dropped to the lowest rating of Investment Grade on moodys scale. The company rated coralville this way becauau of its high debtbtnd liabilities. Liabilities include things like ownership of a hotel and performance center. Coralville has about 267million dollars in debt. In iowa, ly ced...