WASHINGTON -- Standard & Poor's Corp. downgraded to A-minus from A-plus the Delaware city of Wilmington's guaranteed lease revenue bonds, and Moody's Investors Service sounded a wanting about the credit last week.

But both agencies voiced confidence that the city will continue to take steps to stabilize its finances after experiencing a series of operating deficits from fiscal 1991 through fiscal 1994. The fiscal year begins July 1.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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