Moody's targets Calif. cities for downgrades | Money - KCRA Home: SACRAMENTO, Calif. — One of the nation's top credit rating agencies will review dozens of California cities for possible credit downgrades amid mounting concern over municipal bankruptcies and bond defaults.
Moody's Investors Service announced Tuesday that it would scrutinize nearly 30 California cities for possible downgrades.
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Not just in Privatopia...things are tough all over. Five years of economic malaise are taking an accumulated toll despite some positive economic indicators in recent weeks.
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