Hoboken's Moody's Bond Rating one level above Junk! (Baa3)

Thanks to Scott Siegel for sending me this Moody's Bond rating document for Hoboken published on April  2009. Below are Scott's comments and the document on Slideshare:

Hoboken has a Moody's rating of Baa3 which is one level above junk. Maybe when HUMC goes belly up we'll be downgraded. The May Moody's report counted on 2 things:

1) HUMC staying open as an ongoing concern.
2) Boatload of cash from NJT to build skyscrapers over the railroad tracks.

This post is more follow up on the HUMC Financial situation and the bonds that Hoboken has guarenteed.

Hoboken Moodys Bond Rating 2009

View more documents from The Hoboken Journal.

◦

Hoboken's Moody's Bond Rating one level above Junk! (Baa3)