Moody's Raises Essex County, N.J., GOs to Baal

Cataldo, Adam L.
February 2005
Bond Buyer;2/2/2005, Vol. 351 Issue 32062, p6
Trade Publication
The article informs that Moody's Investors Service upgraded its rating on Essex County, New Jersey's general obligation debt to Baal from Baa2 and put the county on watch list for possible upgrade in a report released. The rating upgrade affects about $1.4 billion of outstanding debt. The upgrade was included in a report that assigned a rating of MIG-1 to the county's upcoming sale of $14 million of bond anticipation notes. The rating is the agency's highest rating for notes. The Bans will be used to refund notes that are coming to maturity.


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