Moody’s Investors Service has placed the ratings of 40 local government issuers under review with direction uncertain, affecting approximately $354 million of outstanding debt.

The credit ratings agency said the review, announced Friday, is prompted by the lack of sufficient, current financial information.

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.