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With late audit now in, Moody's says Paterson will keep its higher credit rating

By Yahoo! Finance   |   1 year ago
With late audit now in, Moody's says Paterson will keep its higher credit rating

Moody's Investors Service has decided to maintain Paterson's mid-level credit rating after reviewing the city's finances. Despite some financial record issues, the completion of the audit led to the city retaining its rating. Mayor Sayegh expressed confidence in Paterson's positive financial practices and ongoing progress.

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