Moody's Investors Service said it has upgraded to Aa3 from A1 the rating on the town of Webb, N.Y.'s $2.6 million in outstanding general obligation debt.
Webb, N.Y., GOs Upgraded to Aa3 by Moody's
FEB 1, 2013 1:32pm 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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