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IPFS News Link • Arizona's Top News

Arizona's credit rating downgraded to negative

08-20-2009 • East Valley Tribune

Standard and Poor's Rating Service revised its outlook of the state's credit from stable to negative. Company analysts said that was based on a variety of factors, ranging from lower than anticipated tax collections to the failure of the Legislature and Gov. Jan Brewer to enact a budget for the fiscal year that began July 1.

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Reported By Powell Gammill

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