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Home>Atlantic City credit rating dropped to BBB+: S&P

Atlantic City credit rating dropped to BBB+: S&P

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Mon, 22 Sep 2014

Atlantic City's municipal bond credit rating was lowered one notch to BBB+ from A- by Standard & Poor's Ratings Services on Monday. The downgrade, which includes a negative outlook, comes as the New Jersey city faces strains on its tax revenue following the closure of four of its 12 casinos this
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