12.02.2014 22:01:00
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Genoa (Township of) MI -- Moody's upgrades Genoa Township, MI's GOLT to Aa2 from A1
New York, February 12, 2014 -- Moody's Investors Service has upgraded to Aa2 from A1 the rating on Genoa Township, MI's outstanding general obligation limited tax (GOLT) debt. This action concludes a review for possible upgrade that Moody's initiated on January 15, 2014 in conjunction with our new local government general obligation methodology. The township's debt is secured by the authorization to levy a tax both limited as to rate and amount to pay debt service.