Moody's Drops Atlantic City Credit Rating, Fears Default

Moody's Investors Service on Friday lowered Atlantic City's bond rating by six steps, from Ba1 to Caa1, which is deep into junk territory.

Atlantic City, den næste Detroit?

Måske amerikanerne ligesom deres russiske venner skulle forbyde rating agencies.

De ældre kan nok godt vinke farvel til en større del af deres pensioner. Problemerne med 'unfunded liabilities' er kun lige begyndt i USA.

It also outlined several "reforms" for Atlantic City's schools, pension system and city services and recommended regionalizing municipal services like police and fire departments.