States May Face Downgrade –

Moody’s has indicated that bond ratings of some states may be downgraded if the debt limit is not raised.  The states that depend heavily on federal revenue are likely to be hurt most by a default.  Five states with high bond ratings that may be affected are New Mexico, Virginia, Maryland, South Carolina, and Tennessee. 

To read a related Bloomberg article, please click here:

http://www.bloomberg.com/news/2011-07-19/5-states-debt-ratings-on-review-by-moody-s-for-u-s-dependence.html

Jim Sutliff

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