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Municipal Credit Ratings Sustain Super-Downgrades

This post was originally published on the Public Notice: Bankrupting America Blog. Surprise, confusion and frustration pervade reactions to nearly 200 super-downgrades of municipal credit ratings that occurred over the past year. The Wall Street Journal details reactions by city officials who witnessed ratings drop, and in the 196 cases of super-downgrades, by more than three notches. … Continue reading