New York, April 22, 2013 -- Moody's Investors Service confirms the A2 rating on the City of Binghamton's (NY) $87.4 million long-term general obligation debt outstanding and upgrades the $35 million of outstanding short term debt to MIG1 from MIG2. The outlook is revised to stable. The outstanding short and long term bonds are secured by the city's general obligation pledge as limited by the Property Tax Cap -- Legislation (Chapter 97 (Part A) of the Laws of the State of New York, 2011).
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