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Moody's revises Syracuse, N.Y. GO bond outlook to negative
September 17, 2012 / 7:38 PM / 5 years ago

Moody's revises Syracuse, N.Y. GO bond outlook to negative

Sept 17 (Reuters) - Moody's Investors Service on Monday
revised the outlook of the city of Syracuse, New York's general
obligations bonds to negative citing projected budgetary gaps
and weakened financial flexibility.
   Moody's said recent public comments by the mayor regarding
municipal bankruptcy indicate 'the city may lack strong
willingness to meet its obligations.'
    Moody's also affirmed the city's A1 rating on $326 million
in outstanding general obligation debt.

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