"The invitation bills [the upcoming] meeting as a chance to hear 'Philadelphia leaders and investors discuss building the city’s future.'... Philadelphia is hoping to attract investors for the city, which is rated three steps above junk by Standard & Poor’s. The city and its authorities have $8.75 billion in outstanding debt as of September, according to bond documents," which also shows Philadelphia has less than 50 cents set aside for every $1 it expects to pay current and future retirees.