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Wall Street boosts Philly’s credit rating to A1 as vote on rainy-day fund nears

A budget question on the May 16 ballot will help Philly set aside more cash so it won't have to cut services in a recession, backers say

Moody’s Investors Service published a report April 27 boosting the city’s credit rating a notch, to A2. That’s the best Philadelphia’s credit has looked since 2012. Rival Standard & Poor’s said it was considering a similar upgrade for the city.
Moody’s Investors Service published a report April 27 boosting the city’s credit rating a notch, to A2. That’s the best Philadelphia’s credit has looked since 2012. Rival Standard & Poor’s said it was considering a similar upgrade for the city.Read moreJose F. Moreno / Staff Photographer