Moody's Upgrades Taylor, MI's GOLT to Baa2; Outlook Stable
New York, January 30, 2017-- Summary Rating Rationale. Moody's Investors Service has upgraded to Baa2 from Baa3 the City of Taylor, MI's General Obligation Limited Tax bonds and bond issued by the Taylor Building Authority impacting $5.2 million of rated debt. The upgrade to Baa2 will bring the GOLT rating to the same level as Moody's internal assessment of the city's hypothetical GOULT, given the presence of a full faith and credit pledge.
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