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Monrovia, Calif., ICR Lowered to BBB-Plus by S&P

Standard & Poor's Ratings Services said it lowered its issuer credit rating (ICR) to BBB-plus from A on Monrovia, Calif., and lowered its long-term rating to BBB from A-minus on the city's outstanding pension obligation bonds (POBs) and lease revenue bonds, some of which were issued by the Monrovia Financing...

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