Montco’s bond rat­ing down­graded

Springfield Sun - - FRONT PAGE -

Moody’s In­vestors Ser­vice has changed Mont­gomery County’s bond rat­ing out­look from “sta­ble” to “neg­a­tive,” cit­ing rea­sons such as the county’s in­abil­ity to meet pen­sion obli­ga­tions and sev­eral years of op­er­at­ing deficits.

Moody’s af­firmed the county’s Aa1 bond rat­ing but al­tered its gen­eral obli­ga­tion bond rat­ing out­look Aug. 16.

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