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Article: Bond ratings OK in area; 2 slip, while 1 edges up
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- June 14, 1992
- Author:
CopyrightCopyright 1992 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Although the state still maintains the worst bond rating in the
country, most of the 43 communities in the South Weekly region have
relatively high ratings, which translate into lower borrowing costs
at a time when the recession maintains a tight grip nationwide.
So far in 1992, only three municipalities in the region --
Weymouth, Marshfield and Brockton -- have seen changes in bond
ratings assigned by Moody's Investors Service, one of the key Wall
Street rating agencies and the one that does the most municipal
rating business in the state.
Last month, Weymouth's rating was downgraded one step, from an A
to a Baa1, which means it will pay higher interest rates when it
issues $8.2 million ...