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Budget & Finance

S&P Sees Only 10% Downgrades From New Criteria for Local Issuers and Their GOs

Standard & Poor's revised criteria for local government issuers and their general obligation bonds, which it plans to finalize next week and implement over the next 12 months, is likely to cause 10% if its ratings to decrease, 30% to increase and 60% to remain the same, the rating agency...

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