Mass. Among States Targeted By Moody’s For Possible Credit Downgrade

The Massachusetts’ congressional delegation is protesting a warning from a major credit rating agency that they might downgrade the credit ratings of several municipalities in the state. Moody’s Investors Service announced it would review the possible downgrade of U.S. municipalities and other institutions due to the indirect effects of the possible downgrade of federal government bonds because of the ongoing impasse over the federal debt limit. Moody’s has listed 162 local governments in 31 states.

WBZ NewsRadio 1030–07/30/2011

Cash strapped states get federal aid

Cash-strapped states from Maine to Hawaii are tearing up the pink slips – for now – relieved that the $26 billion state aid bill passed by Congress this week has saved hundreds of thousands of […]