Moody's Downgrades State of West Virginia's GO to Aa2; outlook stable
New York, February 21, 2017-- Summary Rating Rationale. Moody's Investors Service has downgraded the State of West Virginia's general obligation debt to Aa2 from Aa1, affecting approximately $393.6 million in debt outstanding. The state's lease appropriation and moral obligation debt has been downgraded one notch to Aa3 and A1, reflecting the ties to the general obligation rating.
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