Medway, Mass., GOs Cuts to A2 by Moody's

March 2005
Bond Buyer;3/3/2005, Vol. 351 Issue 32082, p2
Trade Publication
The article reports that Moody's Investors Service Inc. has assigned a MIG-I rating to the town of Medway, Massachusetts' $22,372,000 of bond anticipation notes and has downgraded the town's underlying general obligation debt rating to A2 from Al, affecting $15.7 million of outstanding general order tax-supported debt. The rating reflects the town's healthy taxable value, socioeconomic profile above state and national levels, and manageable debt ratios when considering a significant portion of the outstanding debt is supported by the school building assistance program.


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