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City wants Moody’s to retract bond report

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Posted: Monday, July 29, 2013 10:00 pm

After Moody’s Investor Services downgraded its bond rating for city of Santa Fe by a notch over the weekend, the city finance director on Monday continued to demand that the rating agency retract what he says is an erroneous report that lumped Santa Fe with recent trouble in Detroit and Chicago

A spokesman for Moody’s, however, reiterated Monday that its analysts feel they were justified in placing the city “on review” this spring and in the weekend downgrading of Santa Fe’s general obligation bond rating from its third-best rating of “Aa2” to its fourth-best rating of “Aa3.”

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