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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Taro who wrote (559499)	4/7/2010 7:08:24 PM
From: tejek	Respond to of 1577829

Moody's Cuts LA Credit Rating, Warns of More Downgrades The Los Angeles City Council and employee unions are investigating whether Mayor Antonio Villaraigosa has the authority to shut down municipal services two days a week. The city's financial crisis led Moody's Investors Service to downgrade the city's credit rating and warn that the city risks further downgrades. Moody’s cut L.A.’s general-obligation bond debt rating to Aa3 from Aa2. That puts the city at the lower end of what Moody’s considers a “high quality” security. A weaker credit grade typically means higher borrowing costs.