(Bloomberg) -- Atlantic City’s fiscal crisis may prompt NewJersey to depart from its historic practice of supportinglocal-government finances as the gambling hub heads down a pathsimilar to Detroit’s.

An emergency-management team hired by Gov. Chris Christie thatincludes Kevyn Orr, who guided Detroit’s record bankruptcy, isconsidering deferring bond payments to help fix the seaside city’sfinances, according to a March 23 report.

Asking bondholders to accept less than they’re owed wouldundermine New Jersey’s reputation for nurturing distressed cities,said Ted Molin, a senior credit analyst at Wilmington Trust Co. inDelaware. The last time a municipality in the state defaulted wasduring the Great Depression, according to its Department ofCommunity Affairs.

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