Moody's Investors Service said it has downgraded to Baa2 from A3 the rating on the township of East Pennsboro, Pa.'s $31.8 million of outstanding general obligation bonds and has assigned a negative outlook to the rating.
East Pennsboro, Pa., Downgraded to Baa2 by Moody's
DEC 14, 2012 1:38pm 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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