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East Rutherford, N.J., Downgraded to Baa1 by Moody's

NOV 28, 2012 7:48am ET

Moody's Investors Service said it has downgraded to Baa1 from A2 the rating on the Borough of East Rutherford, N.J.'s approximately $17 million in outstanding rated debt secured by the borough's general obligation, unlimited tax pledge.

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