WASHINGTON — Moody’s Investors Service may downgrade $10 billion of Garvee bonds, the ratings agency announced Tuesday, because of the increasing uncertainty of the federal revenue stream that backs them.

The announcement from Moody’s comes two weeks after Fitch Ratings made a similar move.  Moody’s said the most recent two-year transportation law is a break from traditional longer-term five or six year authorizations, especially in its reliance on general fund transfers to prop up the sagging highway trust fund. The revelation last week that some those revenues might also be sequestered also influenced the decision.

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