Hudson Valley Bank, the wholly-owned subsidiary of Hudson Valley Holding Corp. (HVB), announced that it will not re-engage Moody's Investors Service (MCO) for its rating services. "Our expectation regarding the business need for such a rating when we engaged Moody's in 2006 has not in fact been necessary," commented HVB's CEO, Stephen R. Brown. The current Moody's rating of Hudson Valley Bank is Baa2, Watch Negative.
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