In September 2011, the borough experienced a "super downgrade" of its credit rating by Moody's, from A1 to Ba1, as a result of an outstanding multi-million dollar loan guarantee to a property developer.Blumenthal, Jeff. "Collingswood, N.J., downgraded six levels", Philadelphia Business Journal, September 13, 2011. Accessed August 10, 2017. Moody's Investors Service issued a report in late May 2012 that restored the Borough of Collingswood's credit rating to an investment grade rating of Baa3.Collingswood credit rating restored to investment grade by Moody's , Borough of Collingswood. Accessed October 4, 2012.
In September 2011 the borough experienced a "super downgrade" of its credit rating by Moody's from A1 to Ba1 as a result of an outstanding multi-million dollar loan guarantee to a property developerBlumenthal Jeff "Collingswood NJ downgraded six levels" Philadelphia Business Journal September 13 2011 Accessed August 10 2017 Moody's Investors Service issued a report in late May 2012 that restored the Borough of Collingswood's credit rating to an investment grade rating of Baa3Collingswood credit rating restored to investment grade by Moody's  Borough of Collingswood Accessed October 4 2012