Moody's Drops Schenectady, N.Y., to Junk Bond Status

McKaig, Ryan
November 2002
Bond Buyer;11/13/2002, Vol. 342 Issue 31512, p5
Trade Publication
Reports that Moody's Investors Service Inc. has downgraded Schenectady, New York to junk bond status and has also placed it under review for a possible further downgrade. Number of outstanding bonds that are affected by the action; Indications given by the downgradation; Implication of Moody's decision on the borrowing practices of the city.


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