The Daily Gazette
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County makes grade with Moody's

Metroplex bonds given A1 rating

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Moody’s Investor Service has assigned a favorable A1 rating to nearly $17.3 million worth of bonds issued by the Schenectady Metroplex Development Authority for a variety of projects across the county. The projects range from streetscape renovations and infrastructure upgrades to General Electric’s new battery plant and the reuse of Schenectady’s old YMCA. The bonds, which were approved last week by the county Legislature, were a mix of tax-exempt and federally taxable debt securities. “It’s ...

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