Standard & Poor's Ratings Services said it lowered its long-term rating and underlying rating on Folsom, Calif.'s general obligation debt outstanding to AA-minus from AA, as well as its long-term rating on the city's certificates of participation outstanding to A-plus from AA-minus.
Folsom, Calif., GOs Lowered to AA-Minus by S&P
DEC 3, 2012 11:46am ET
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