Atlantic City has hit investment-grade status on Moody’s. BreakingAC.com reports the resort town is now Baa3, three steps away from an A rating, Mayor Marty Small noted, indicating arise toward that goal could be coming soon. It is the first time in more than a decade that the city has been investment grade. Small pointed back to 10 years ago when he became City Council president and things in the city were bad. The state had taken over and “we even entertained the B word — bankruptcy.”