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, "Westchester [New York], 161 other governments risk loss of top bond rating over D.C. debt fight" by Gerald McKinstry:
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.

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