Clayton Cty Hires Adviser to Protect Bond Rating

Clayton County, trying to prevent a downgrade in its bond rating that would cost taxpayers millions of dollars, has hired a financial adviser. The county’s financial advisor will negotiate with Moody's Investor Services in an attempt to convince the rating company that the county's finances are strong. Moody's threatened to downgrade Clayton County's credit rating amid concerns about the county's record keeping, fund balance and spending.

(Associated Press)