Downgrade to Aa3 affects $53.6 million long-term rated debt outstandingNew York, June 18, 2013 -- Moody's Investors Service has downgraded to Aa3 from Aa2 the underlying rating of the Township of Toms River's (NJ) outstanding rated long-term debt, which is secured by the township's full faith and credit general obligation pledge. Concurrently, Moody's has revised the outlook to stable from negative.
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