bond rating

2:20 pm
Tue April 10, 2012

Moody's upgrades Buffalo's bond rating

City Hall, Buffalo, NY
WBFO News file photo

One of Wall Street's premiere bond rating agencies has upgraded Buffalo's bond rating to A1. 

City Comptroller Mark Schroeder says Moody's decision follows a complimentary report it wrote about Buffalo's diversifying economy and a meeting he and top financial officials in the Brown Administration and City School District had with the "big three" bond ratings agencies in New York City a month ago. 

Schroeder told WBFO News he thinks the upgrade reflects Moody's view that Buffalo is finally ready to "move forward."

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