Wednesday, October 16, 2013

Coming to a county near you? Moody's lowers Stockton, Calif., pension bonds deeper into junk

Moody's lowers Stockton, Calif., pension bonds deeper into junk | Reuters:
"Moody's Investors Service lowered the pension obligation bonds of Stockton, California, to 'Ca' from 'Caa3' on Monday and changed its outlook on them to negative from developing, citing how the city would treat the debt in its plan for exiting bankruptcy."

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