Rockland avoids downgrade but rating still low
Photo credit: AP | Rockland County Executive C. Scott Vanderhoef speaks at the New York State Republican convention in 2006.
Rockland County has avoided another downgrade by Moody's Investor Service, but the ratings agency isn't willing to boost the county's bond rating.
On Wednesday, Moody's announced that the county government has been taken off review for a potential downgrade but that it was upholding the county's negative Baa3 rating -- a notch above junk status.
The agency said the change reflects...
