BRIEF-Moody's: Sandy unlikely to threaten public finance credits

Tue Nov 13, 2012 7:24pm EST

Nov 14 (Reuters) - Overall, Hurricane Sandy should not change the credit quality of public finance bond issuers, says Moody's Investors Service in the report "Hurricane Sandy Unlikely to Threaten Public Finance Issuers' Credit." Costs from the storm, however, will present some local governments with operational and budgetary risks that could take a year or more to play out.

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A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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