01.04.2014 23:33:00

Brooklawn (Borough of) NJ -- Moody's upgrades Brooklawn, NJ to A3 from Baa1

New York, April 01, 2014 -- Moody's Investors Service has upgraded the Borough of Brooklawn, NJ's general obligation rating to A3 from Baa1. This action concludes a review for possible upgrade that Moody's had initiated on January 15, 2014 in conjunction with our new local government general obligation methodology. The rating action affects $20,000 of rated outstanding debt that matures in November 2014. The bonds are secured by the borough's general obligation unlimited tax pledge.

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