MOODY’S DOESN’T LIKE CHRISTIE’S PLAN FOR ATLANTIC CITY

A plan to install a new management team in Atlantic City is not sitting well with Moody’s Investors Services.  The financial rating company said this week that a plan by Governor Chris Christie to provide oversight of Atlantic City will hurt the city’s credit rating and possibly impact all of the financially troubled cities in the Garden State.  Christie has promised $13 million in transitional aid to Atlantic City along with a $40 million loan.