Municipal Bond Credit Report: Liquidity boost returns upstate New York village to investment grade

Municipal Bond Credit Report: Johnson City, New York, regained an investment grade after a dramatic improvement in the village government’s financial health. Moody’s Investors Service upgraded Johnson City’s long-term issuer rating to Baa3 from Ba1 citing the village’s fiscal turnaround since it experienced a liquidity decline at the close of the 2015 fiscal year that prompted a four-notch downgrade in June 2016. Moody’s also revised its outlook to stable from negative. … Link to Story