News release: “On July 28, 2011, Moodys placed the ratings of 177 U.S. municipal issuers that are indirectly linked to the U.S. Government on review for possible downgrade…The 162 local governments include 66 cities, 53 counties, 29 school districts and 14 special tax districts. The local governments are located in 31 states, with the heaviest concentrations in Virginia (15 credits) and Massachusetts (14 credits).”
Washington Examiner: “Moody’s Investor Services is threatening to downgrade the credit ratings for dozens of local governments in Maryland, Virginia and 29 other states, based on how the federal government’s negotiations concerning the U.S. debt ceiling affects financial markets. The ratings agency placed more than two dozen counties and cities in Virginia and at least seven local governments in Maryland on its credit rating “watch list” on Thursday, citing concerns over the federal government’s presence in those areas. Affected governments include Fairfax, Arlington and Prince William counties in Virginia, as well as Rockville, Prince George’s County and Montgomery County in Maryland, as well as smaller incorporated cities and towns in the Washington area.”
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