Moody's Investors Service dropped its rating on Greene County's debt four notches and warned of further negative action due to the county's lack of adequate financial reporting.

The rating agency lowered the county's issuer credit rating to A2 from Aa1. It also lowered Greene's appropriation-backed bonds four notches to A3 from Aa2 and downgraded its short-term rating to MIG-2 from MIG-1.

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