Moody’s Downgrades City of Methuen’s Bond Rating to A2

Councilor Kannan Says Methuen Needs Mayor who will Stabilize Methuen’s Finances (OTHER METHUEN STORIES) Moody’s Investors Services, one of the nation’s top bond-rating agencies, has downgraded Methuen’s bond rating, citing the city’s dependence on state aid, a lack of new revenues, and having too little cash in its reserves. The report cited specifically “The downgrade to A2 reflects the […]