New York, May 17, 2013 -- Moody's Investors Services has downgraded the rating on the Village of Bergen's$675 thousand of outstanding rated general obligation debt to A3 from A1. The village also has approximately $3.4 million in outstanding parity debt that is not rated by Moody's, but included in our analysis, raising the total amount of G.O. debt outstanding to $4.04 million. The debt is secured by a general obligation pledge of ad valorum taxes as limited by the Property Tax Cap - Legislation (Chapter 97 (Part A) of the Laws of the State of New York, 2011).

Vollständigen Artikel bei Moodys lesen