Fitch Ratings today assigned the city of Long Beach a high rating, "F+1," and called the city's financial outlook "stable." The city is set to sell $56 million in notes on Wednesday.
The rating summary contains a few red flags for investors, given the city's budget gap, but also states that the city has gone to great lengths to reduce spending.
Finance geeks or anyone who wants more details can check out an online story here.
