Municipal Bond Credit Report: Completion of a replacement Tappan Zee Bridge while keeping debt levels in check triggered an upgrade to New York State Thruway Authority bonds. Moody’s Investors Service upgraded the authority’s senior revenue bonds to A1 from A2 and junior revenue bonds to A2 from A3 Tuesday. The rating outlook on the $5.375 billion of senior and junior lien debt was concurrently revised to stable from positive…. Link to Story
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