Moody’s Upgrades Lawrence to an A3 Rating with a Stable Outlook

Moody’s Upgrades Lawrence to an A3 Rating with a Stable Outlook

February 18, 2015, Lawrence, MA- Last week, Moody’s Investors Service upgraded the City of Lawrence’s credit rating to A3 from Baa1. This rating upgrade is the first time Lawrence has received an “A” level rating from Moody’s since 1986. The rating upgrade with a stable outlook validates the city’s financial recovery and will directly impact […]

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 […]

Political Will Needed in Lawrence Government

By: Joe D’Amore – December 2012   With headlines announcing Grand Jury indictments of two city officials and the already completed take- over of Lawrence public schools many are suggesting comprehensive receivership of the City of Lawrence is warranted. For an assessment of this possibility the major precedent for state control of a municipality is […]