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Casino Reinvestment Development Auth, N.J., 2005 Cut to Baa2 by Moody's

Moody's Investors Service said it has downgraded to Baa2 from A1 the rating to the Casino Reinvestment Development Authority, N.J.'s $253 million parking fee and Atlantic City fund revenue bonds, Series 2005A and Series 2005B (federally taxable) and assigned a negative outlook.

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