Moody's Investors Service said it has downgraded the issuer rating of the city of Torrance, Calif., to Aa2 from Aa1 and has downgraded to A1 from Aa3 the ratings of four series of lease supported obligations.
Moody's Downgrades Torrance, Calif., Issuer Rating to Aa2
DEC 12, 2012 10:55am ET
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New York's budget leaves it at risk of becoming one of only five states that do not allow the use of design-build procurement to deliver public infrastructure projects.
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