Ratings Agency Scrutinizes Municipal Debt

Full and original article posted on Worcester Business Journal

Moody’s move puts local communities on notice

Ratings agencies say they are closely watching the credit-worthiness of cities and towns across Massachusetts and other states after a recent historic downgrade of the U.S. government’s credit rating.

Moody’s Investors Service recently assigned a negative outlook to a dozen top-rated Massachusetts communities, including the Central Massachusetts towns of Acton and Wayland. And it might not stop there.

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