BRIEF-Moody's downgrades to A2 from A1 the Borough of Bogota's (NJ) general obligation bond rating

Mon Nov 5, 2012 7:03pm EST

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Nov 6 (Reuters) - Moody's Investors Service has downgraded to A2 from the A1 the Borough of Bogota's (Bergen County, NJ), NJ general obligation bonds, affecting $3.377 million of outstanding rated debt obligations. The bonds are secured by the borough's unlimited property tax pledge.