The number of public finance rating downgrades decreased in the third quarter of 2012 as compared to the second quarter, but the dollar amount of downgraded debt increased and pushed the 2012 YTD total above $200 billion, says Moody's Investors Service.

Moody's says $216.6 billion of total downgraded debt through three quarters exceeds the $193.5 billion for all of 2011.

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