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Credit-rating cuts came for more than $200M of municipal debt through September, greater...

Credit-rating cuts came for more than $200M of municipal debt through September, greater than the entirety of 2011, according to Moody's (Credit Outlook), which expects further deterioration through year's end. There have been upgrades as well, but these are slowing, Q3's being about half the level of Q2's.
Comments (1)
  • WMARKW
    , contributor
    Comments (10252) | Send Message
     
    Acording to Bloomberg,

     

    "Port Authority of New York and New Jersey, Puerto Rico Sales Tax Financing Corp., Chicago O’Hare Airport Enterprise and Pennsylvania state debt accounted for more than 70 percent of third-quarter downgrades alone, affecting about $75 billion of securities, Moody’s said today in a report."
    25 Oct 2012, 06:17 PM Reply Like
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