The specter of another top taxpayer leaving Woonsocket, R.I., could be a credit negative for the city, said Moody's Investors Service.

WP Woonsocket Associates LLC of Bryn Mawr, Pa., the fourth-largest taxpayer in the city and the owner of Woonsocket Plaza, could follow big-box retailers Wal-Mart Stores Inc. and Lowe's Co. out of town because of high property taxes. According to the Woonsocket Call, WP Woonsocket has asked the city for a major tax break because it cannot afford to renew its lease with Burlington Coat Factory.

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