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S&P Drops Woodstock, Ga., Three Notches

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Byline: Shelly Sigo Standard & Poor's Friday lowered its underlying rating on Woodstock, Ga.'s general obligation bonds three notches to A-minus from AA-minus. "The downgrade is based on the city's overspending its available reserves in 2010 and 2011, resulting in negative general fund reserves, ...
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