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Municipalities Abandon S&P After Ratings Downgrade
(
wsj.com
)
3 points
by
jmjerlecki
on Aug 17, 2011
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1 comment
uvdiv
on Aug 18, 2011
[–]
So in essence they are retaliating for having their credit score lowered. What kind of system is this, where the rating agency financially benefits from giving municipalities safe ratings? Is this legal (on the part of the munis)?
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