Tag Archives: City of Sunnyvale Credit Rating

City of Sunnyvale Credit Rating Under Scrutiny


Sunnyvale Councilmember Pat Meyering probes the city for debts and billing receipts. A group of Sunnyvale citizens are advocating discussion with Sunnyvale City Staff about sensible and sustainable reform of the city pension system. City Manager Gary Luebbers states “we’re in good condition,” yet ratings agency Moody’s lists the City of Sunnyvale for a possible credit downgrade. If you haven’t read “Boomerang,” by Michael Lewis, please consider doing so.

10/11/2012_San Jose Mercury News, By John Woolfolk and Mark Emmons

CITIES UNDER SCRUTINY_MOODY’S RATING AGENCY

Los Gatos, which boasts a Rolls-Royce dealership, is among 30 California cities on the list for a possible credit downgrade from ratings agency Moody’s. So are Santa Clara and Sunnyvale, home to high-tech titans, and the East Bay’s tony Danville.   Continue reading