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Thursday, April 18, 2013

Moody's may cut Cincinnati bond rating due to pension data

Cincinnati, Chicago, Minneapolis and 26 other municipalities may face credit-rating downgrades affecting $12.5 billion in debt because pension liabilities are underreported, Moody's Investors Service said.

http://news.cincinnati.com/apps/pbcs.dll/article?AID=2013304180075

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