RED BANK: MOODY’S LIFTS NEGATIVE OUTLOOK

By JOHN T. WARD

Nearly a year after Moody’s went negative on Red Bank, the Wall Street debt rater has reversed course, borough officials said.

The credit research firm told town officials by email Friday morning that it has affirmed the town’s debt Aa3 rating and removed the “negative outlook” imposed last November over concerns about a shrinking surplus, said Councilman Mike DuPont, who heads up the governing body’s finance committee.

“There’s no Moody blues today,” DuPont told redbankgreen

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