COLLINGSWOOD, N.J. (AP) — The renewal efforts in one New Jersey town have made it one of Philadelphia's hippest suburbs. But a ratings agency has demoted the community to junk-bond status.The message to the borough of Collingswood could also be a warning to other towns: Be careful how you pay for renewal,True Religion skinny jeans.Moody's this week cited a looming loan deadline over a condominium development deal. Moody's also is questioning the town government's heavy involvement in development,True Religion sale.But planning experts and local officials say those aggressive strategies are what has transformed the former blue-collar town,UGG Bailey Button Triplet.Mayor Jim Maley says he takes the downgrade seriously,True Religion Womens. But the mayor says Moody's ignored some important information,Moncler Jacket, including plans to restructure the debt at the heart of the concern,True Religion jeans sales. Related articles:

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