Tuesday, August 2, 2011

Newton discusses credit rating with Moody's

Moody's Investors Service will review Newton's AAA bond rating in the next 90 days because of the potential national default facing the country, Mayor Setti Warren said tonight after a conference call with Moody's.

"Moody's informed us that as a result of what's happening in Washington -- the fact that there is not a deal in place to raise the debt ceiling at this point — the credit rating of the United State's government could be in jeopardy, therefore communities with a AAA bond rating will be under review in the next 90 days," said Warren.

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