S&P Begins to Cut AAA Rated Muni Bonds After U.S. Grade Lowered

Aug. 8 (Bloomberg) -- Standard & Poor’s cut the ratings on about $366 million of federal lease-backed bonds as it began to announce reports on municipal securities affected by the company’s Aug. 5 downgrade of the U.S. S&P downgraded to AA+ from AAA debt backed by federal leases and sold by ...

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