Moody’s Investors Service has changed the ratings and/or outlooks of 181 New York localities participating in the New York State Section 99-B Intercept Program.

Moody’s made the changes Tuesday in conjunction with the release of a new methodology for state aid intercept programs, which enhance the safety of local bonds. The ratings agency upgraded two bonds issued by two localities and downgraded 21 bonds issued by seven localities.

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.