Troy (City of) NY -- Moody's upgrades Troy, NY issuer and GOLT ratings to A1 from A2; assigns A1 to Series 2022 GOLT bonds
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Rating Action: Moody's upgrades Troy, NY issuer and GOLT ratings to A1 from A2; assigns A1 to Series 2022 GOLT bondsGlobal Credit Research - 14 Jan 2022New York, January 14, 2022 -- Moody's Investors Service has upgraded the city of Troy, NY's outstanding issuer and general obligation limited tax ratings to A1 from A2. The city's restricted reserves related to the debt from the Troy Municipal Assistance Corporation will flow to the city in fiscal 2022 given that the debt matures in January 2022...
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