TITLE

Moody's Downgrades Cherry Hill, N.J., to Al Ahead of$33M Borrowing

AUTHOR(S)
Cataldo, Adam L.
PUB. DATE
September 2004
SOURCE
Bond Buyer;9/29/2004, Vol. 349 Issue 31979, p29
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the decision of Moody's Investor Service to downgrade Cherry Hill, New Jersey's rating from A1 to Aa3. Consideration of the downgrade as a significant reduction in financial reserves in 2004; Discussion on the township's depleting reserves; Reasons for the depletion.
ACCESSION #
14595570

 

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