Moody's Downgrades Burlington Credit Rating (Again) | News | Seven Days | Vermont's Independent Voice

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Moody's Downgrades Burlington Credit Rating (Again)

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In keeping with the practice of releasing bad information late on a Friday, Burlington officials late today announced that Moody's downgraded the city's general obligation credit rating two notches and moved the city's status from a “negative watch” to “negative outlook."

This means the credit rating company will not review Burlington’s status until the city next pursues a bond sale.

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