Burlington credit rating outlook improves - WCAX.COM Local Vermont News, Weather and Sports-

Burlington credit rating outlook improves

Posted: Updated:

Burlington's credit rating outlook has improved.

Moody's Investors Service says it has bumped the city from negative to stable.

Officials credit Burlington's recent efforts to stabilize the general fund, as well as its pending settlement in the Burlington Telecom lawsuit with Citibank.

If approved by the Vermont Public Service Board, Moody's says it will significantly limit the General Fund's liability.

Burlington's improved credit rating comes after four years of downgrades.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WCAX. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.