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Moody's Drops Reno's Limited-Tax GOs to Aa3 With Negative Outlook

The Reno, Nev., Redevelopment Agency's financial woes had little impact on Moody's Investors Service's decision to downgrade the city of Reno's general obligation limited-tax bonds a notch to Aa3 from Aa2 and give them a negative outlook, analysts said.

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