S&P Global
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Pension woes lead to Marengo debt rating drop
A troubling financial outlook prompted a rating agency to drop the City of Marengo's general obligation bond rating two notches recently, from AA to A+.
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Marengo pension shortfall brings credit rating plunge
A lack of funding for the city's police pension and a bleak economic outlook have combined to knock the credit rating of the the city of Marengo down two notches, according to Standard & Poor's (S&P) latest ratings.