Moody's Investors Service said it has upgraded to Baa1 from Baa2 the rating on the city of Gloversville, N.Y.'s $5 million of outstanding long-term general obligation debt secured by the city's limited property tax pledge.
Gloversville, N.Y., Upgraded to Baa1 by Moody's
FEB 6, 2013 8:01am 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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