Counties in the Crosshairs: Moody's Focusing on N.Y

McDonald, Michael
August 2003
Bond Buyer;8/27/2003, Vol. 345 Issue 31707, p3
Trade Publication
Reports that in a span of two days the investment advisory firm, Moody's Investor Service Inc., downgraded the credit ratings of three counties in New York state, following a series of credit actions on the state's counties that include other downgrades, a number of affirmations and some upgrades. Reasons cited for the downgrade in ratings; Counties affected by the downgrade; Significance of the downgrades; Significance of county debt in the state of New York; Financial challenges faced by the counties; Decline in credit qualities of municipalities.


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