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IPFS News Link • TAXES: State

Moody's cuts California's rating

07-14-2009 • Reuters

Moody's cut its rating on Tuesday on about $72 billion of California's debt to near junk status, citing the state's budget crisis, but a top lawmaker said a deal to close a $26.3 billion gap was near.

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Reported By Powell Gammill

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Moody's cuts California's rating

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