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Moody’s Revises Rating Criteria for Local Governments

On January 15 of this year, Moody’s announced a revised methodology for its evaluation of local government general obligation credits. Moody’s overall methodology is to evaluate each locality seeking/maintaining a rating over four categories: (1) economy/tax base of the area, (2) finances of the locality (fund balance), (3) management of the locality and (4) debt/pensions. […]