Moody's Investors Service said it has downgraded to A2 from A1 the rating on Mount Holly Municipal Utilities Authority, N.J.'s sewer revenue bonds, affecting $12.97 million in parity debt obligations.
Mount Holly MUA, N.J., Downgraded to A2 by Moody's
DEC 7, 2012 1:03pm ET
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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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