Ferguson Government's Creditworthiness Reclassified as 'Junk'

Ferguson, Missouri the site of numerous clashes over the past year between rebels and Government forces has had their creditworthiness as evaluated by Moody's reduced seven levels from Aa3 to Ba1 "junk" status (archived). Moody's cites a rapid deterioration in Ferguson's financial health following the beginning of the rebellion, and if Ferguson's government continues to conceal information about how their efforts to stabilize the situation have adversely affect their finances Moody's has threatened to withdraw their rating of Ferguson completely. Ferguson government leader James Knowles considers Moody's action "unfair" and that the embattled government is financially healthy enough to not require further debt issuances at this time. Moody's is predicting Ferguson's government could be insolvent by 2017.

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