Lansing's credit rating is downgraded

Oct 14, 2011

LANSING, Mich. (AP) - Moody's Investors Service has downgraded Lansing's credit rating. The city's rating has gone from Aa2, Moody's third-highest rating, to A1, its fifth highest. City finance director Jerry Ambrose says the downgrade impacts the interest rate Lansing would pay to borrow money.