Moody’s Investors Service, citing massive cuts in fiscal 2012 state aid to affected New Jersey cities, placed six municipalities on review for possible downgrade.

Gov. Chris Christie used his veto power last week to reduce such aid to $10 million from $149 million.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.