Muni Downgrade-to-Upgrade Ratio Highest in 3 Years, Moodys Says

Downgrades of municipal debt outpaced upgrades in the third quarter by the largest margin since the 2008 financial crisis, led by state and local governments that have contended with declining revenue…About five ratings were cut for every one upgraded…Moodys said it expects downgrades to continue dominating state rating actions

Source:
http://www.bloomberg.com/news/2011-11-01/muni-downgrade-to-upgrade-ratio-highest-in-3-years-moody-s-says.html

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