BRADENTON, Fla. — Moody's Investors Service last week became the second national rating agency to place a negative outlook on Miami's debt because of the city's weakened financial position.

Moody's also affirmed the A2 rating on $33.9 million of outstanding general obligation bonds, and affirmed the A3 ratings on $243 million of limited ad valorem bonds as well as $106 million of non-ad valorem obligations, which include $37.4 million of taxable pension bonds and $68.6 million of loans.

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