‘States and cities face more rating cuts’: Moody’s

oh boy……….

“U.S. states, cities, towns and other issuers of municipal debt likely will suffer more credit downgrades than upgrades in 2011, with the overall outlook negative for the third straight year, Moody’s Investors Service said on Thursday.”

read it here:

http://www.reuters.com/article/2011/03/17/us-municipals-moodys-idUSTRE72G0QT20110317

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