Foxconn obligations bring downgrade to Wisconsin village
Moody`s dropped Mount Pleasant one notch to Aa3 over risks tied to the $10 billion project. CHICAGO -- Mount Pleasant, Wisconsin’s financial obligations to the new $10 billion Foxconn Technology Group manufacturing plant drove a one-notch downgrade and warning of potential further rating erosion ahead.

“Mount Pleasant is poised for significant growth and development as the location for the new Foxconn manufacturing facility, but is exposed to substantial associated risks as a result,” Moody’s Investors Service said of its decision to lower the rating to Aa3 from Aa2 Thursday...

- - Volume: 6 - WEEK: 36 Date: 9/6/2018 7:12:23 AM -