WNBF 1290 AM » credit downgrade http://wnbf.com WNBF News Radio 1290 Tue, 21 May 2013 03:20:04 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 Binghamton's Credit Rating Lowered http://wnbf.com/binghamtons-credit-rating-lowered/ http://wnbf.com/binghamtons-credit-rating-lowered/#comments Thu, 31 Jan 2013 03:21:58 +0000 Sean Holbert http://wnbf.com/?p=42194 According to a release from Moody's Investor's Service the City of Binghamton's credit rating has been downgraded from A1 to A2.

Moody's says that the downgrade "reflects the city's ongoing weakness in its enterprise, consistently late financial statements, significant  decline in wealth indices, and high debt burden

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