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Lynn’s credit rating takes a hit

Lynn City Hall (File Photo)
LYNN  — The city’s bond rating has been lowered and its financial outlook termed negative, according to Moody’s Investors Service. Following the recent borrowing of $9.5 million to fill this year’s budget deficit, Lynn’s creditworthiness has dropped one notch from A3 to Baa1. “The downgrade reflects the city’s ongoing structural imbalance and its need to…

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