April 6, 2010

Moody's Threatens Downgrade to MoCo Bonds

Moody's Global Credit Research, an agency that evaluates bond risk, has maintained its top rating on Montgomery County's general obligation bonds for now but has placed the county "on review" for a possible downgrade. Standard & Poor's is sticking with its top rating and has a "stable outlook," indicating that it will not be downgrading soon. This means that two of the three leading credit ratings agencies (including Fitch) are now warning their investors about MoCo's debt. SOURCE: Maryland Politics Watch

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