BRADENTON, Fla. - For the second time in a month, Moody's Investors Service Friday placed one of Florida's highly rated credits on watch for possible downgrade.

Just ahead of the sale of $250 million of turnpike debt, Moody's said it is considering downgrading the Florida Department of Transportation's Aa2 turnpike revenue bonds because of "recent rapid declines in traffic and revenues on this well-established toll road system brought on by a protracted and deep dislocation in Florida's real estate market, the continued decline in employment and personal income, and relatively flat population growth and net migration."

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