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Article: LOCAL BOND RATINGS KEEP HIGH MARKS MUNICIPALITIES UNAFFECTED BY STATE'S WOEFUL RANKING
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- August 19, 1990
- Author:
CopyrightCopyright (null) The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Massachusetts' worst-in-the-nation bond rating may eventually
threaten the credit of some cities and towns, but for now most
communities west of Boston are still considered far better
investment risks than the state.
That means most local governments will continue to enjoy
lower repayment costs than the state when they borrow money through
bond sales to pay for everything from sidewalks to sewers.
"There is no automatic correlation between the
commonwealth's rating and the ratings of city and towns within the
state," said Joan Dougherty, vice president and manager of New
England ratings for Moody's Investors Service of New York.
"The ratings among communities in Massachusetts ...