How should municipal investors interpret the actions of Standard and Poor’s and Moody’s over the last week? On 7/15/2014 Standard and Poor’s upgraded Rock Island County IL to AA- from A+ (1 step up). On 7/21/2014 Moody’s downgraded Rock Island County IL to A3 from Aa3 (3 steps down).
Without performing an independent municipal credit review, supported by financial information, an investor is likely to come to significantly different opinions of Rock Island County IL by relying on the Credit Rating Agencies.
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