Moody's: First-quarter 2014 US public finance rating revisions in line with improving credit conditions

New York, April 29, 2014 -- Upgrades made up a growing share of US public finance rating changes during first-quarter 2014, says Moody's Investors Service in a new report, consistent with the trend of improving credit conditions in evidence since the second half of 2013. In the report "Positive Trend of Upgrades Continues," Moody's also says some pockets of the country are still facing fiscal pressure and revenue stagnation, which contributed to downgrades in the first quarter again outnumbering upgrades, as they have every quarter since 2008. In general, however, Moody's views credit conditions as improving.

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