LOS ANGELES -- Moody's Investors Service said Friday it has placed the Aa rating of Maricopa County, Ariz., under review for a possible downgrade because county supervisors have not developed a way to close a $60 million fiscal 1995 budget deficit.

A rating action on the county's $176.03 million of general obligation bonds outstanding is "most likely" to occur next month when the county refunds two series of bonds totaling $33.05 million, Moody's assistant vice president Chris Mushell said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.