WSJ: Standard and Poor’s Cuts Ratings for over 10,000 Muni Issues to keep the same level with federal government debt

As reported by Michael Aneiro from the WSJ, Standard and Poor’s downgraded more than 11,000 public finance issues to keep them in line with its newly lowered rating on federal government debt.

S&P said it had lowered to double-A-plus from triple-A the ratings on certain public finance debt issues linked to the federal government, matching the downgrade it applied to U.S. government debt last Friday.

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