Westchester County is among 162 governments in 31 states at risk of losing its top bond rating from Moody's Investors Service if the federal government doesn't reach a deal on the debt ceiling.
Moody's recently announced that governments such as Westchester with "high economic dependence on federal activity, would be vulnerable" if the U.S. government rating is lowered.
Saturday, July 30, 2011
Over 160 Municipal Governments Risk Loss Of Top Bond Rating Over US Debt Ceiling Impasse And US Credit Downgrade
From Gannett's lohud.com, "Westchester [New York], 161 other governments risk loss of top bond rating over D.C. debt fight" by Gerald McKinstry:
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