Standard & Poor's Ratings Services said it has lowered its long-term rating to BB from BBB-minus on Michigan Finance Authority's series 2005 and series 2010 bonds, issued on behalf of Old Redford Academy and placed the ratings on CreditWatch with negative implications.
Old Redford Academy, Mich., Lowered to BB by S&P
JAN 23, 2013 1:26pm ET
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