Moody’s . Moody’s Investors Service has completed its assessments of the rating outlooks of five Aaa-rated states and161 Aaa local governments previously identified as indirectly linked to the U.S. government, affecting a combined $69 billion of debt. As a resultof these assessments, Moody’s has revised the outlook to stable from negative for two states and 119 local governments while the outlook remains negative for three states and 36 local governments. Wayland is among those Aaa municipals restored to stable status.