Moody's Investors Service Friday placed the Battery Park City Authority on watch for a possible downgrade, citing an agreement under which the agency would transfer surplus funds to New York State and New York City.
Moody's Puts Battery Park City Bonds on Watch for Downgrade
APR 9, 2010 7:08pm ET
New York's budget leaves it at risk of becoming one of only five states that do not allow the use of design-build procurement to deliver public infrastructure projects.
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