The City of Vicksburg was recently listed among five communities to lose its bond rating from Moody’s Investment Services, a New York-based provider of credit ratings and risk analysis. Mayor George Flaggs Jr. announced the loss of the city’s A2 bond rating in a letter sent Nov. 29. Bond ratings are used to determine a borrower’s ability to pay off a loan or bond issue. The ratings go from AAA to C, with AAA being the highest and best rating and C the lowest. Moody’s rating service also has a “WR” designation, which means the rating has been withdrawn. (Vicksburg Post 12/02/22) City of Vicksburg loses Moody's bond rating - The Vicksburg Post | The Vicksburg Post
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