UT urges city to “come clean” Standard & Poor’s Action a Blow to San Diego’s Prestige
Signaling it can no longer vouch for the fiscal health of America’s seventh-largest city, a major Wall Street credit-rating agency Monday suspended its ratings for San Diego because officials have yet to release an audit of the 2003 books.
Councilwomen Donna Frye and Toni Atkins declined to attend a closed session of the council to discuss possible legal action against the city by the Securities and Exchange Commission and the U.S. Attorney’s Office, which are investigating the pension issues.
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