Moody’s Investors Service revised Collingswood’s rating direction to uncertain from downgrade review, but maintained its Ba1 junk-bond rating on $28 million of outstanding long-term general obligation debt.

In September, the rating agency dropped the southern New Jersey borough’s rating six notches to Ba1 and placed it under review for possible downgrade, questioning whether Collingswood could make payments within 30 days on its notes.

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