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Fresno GOs Cut to A-Minus by Fitch

Fitch Ratings said it has downgraded Fresno, Calif.'s implied general obligation (GO) bond rating to A-minus from A, and the Fresno Joint Powers Finance Authority's $167.5 million lease revenue bonds (series 2004A, B, & C; 2006 A; 2008 A, C, E & F; and 2009A) to BBB-plus from A-minus.

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