Fitch downgrades Michigan on economic deterioration
WASHINGTON, July 10 |
WASHINGTON, July 10 (Reuters) - Concerned about the "signification deterioration" of Michigan's economy, Fitch Credit Ratings downgraded the state's general obligation ratings on Friday.
It cut Michigan's general obligation bond rating to "A+" from "AA-" and revised Michigan's ratings outlook to stable from negative. (Reporting by Lisa Lambert)
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