I’m in the mood for Moody’s Love

Newsday is reporting that Moody’s Investors Service is positive about the recent steps our city has taken regarding our recent fiscal crisis here in Long Beach. In her article titled Moody’s: Long Beach fiscal move ‘positive’, Candice Ruud writes: “When Moody’s Investors Service released its Weekly Credit Outlook newsletter Monday, Long Beach officials got a pleasant surprise: a prominent “credit positive” article detailing the City Council’s decision last week to declare a fiscal emergency.”

That doesn’t necessarily mean things are looking good around here. As stated in the article: “Moody’s will reevaluate Long Beach’s rating in March, 90 days after the initial downgrade. If fiscal stability improves, the city could be taken off the watch list. If not, it could be downgraded further.”

Yeah, read the whole thing over @ Newsday  – Moody’s: Long Beach fiscal move ‘positive’

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