• Issue of  
  • Wednesday,
    Jun 30, 2010
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  • New rating confirms crisis

    It seems like only yesterday the appropriately named Moody’s raised The City’s credit rating for lease revenue bonds from Aa3 to Aa2. Actually, it was August 2008 and The City had just completed a budget cycle. Now, we’re back down to Aa3, which is apparently a financial hieroglyph for “negative.”

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