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Moody's Downgrades $10 Billion in Garvees

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Byline: Robert Slavin Moodyas Investors Service downgraded 27 grant anticipation revenue vehicle bonds, totaling about $10 billion in par value. Moodyas action Wednesday affected 20 Garvees secured solely by a pledge of federal highway aid and seven mass transit Garvees. Moodyas provided two main ... (Publication: The Bond Buyer)

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