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10-14-2011, 02:39 PM #1
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9 American cities going broke
9 American cities going broke
Detroit, with $2.4 billion debt, has the lowest credit rating of any big U.S. city.
By Charles Stockdale, 24/7 Wall Street
Of the 7,800 bonds in the U.S. secured by state or local governments, only 25 are currently speculative-grade, or junk-bonds, rated by Moody’s Ba1 or lower. Only municipalities received such low ratings, and the reasons vary. Moody’s report, “A Look at Speculative-Grade Local Governments in the Wake of the Recession,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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10-14-2011, 02:56 PM #2working4changeGuest
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http://www.alipac.us/ftopict-251426-cities.html+broke
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