Municipal bankruptcy a risk, even where it's disallowed: Fitch ...

08/14/12

Municipal bankruptcy a risk, even where it's disallowed: Fitch
Chicago Tribune
(Reuters) - Barely half of U.S. states allow their local governments to file for bankruptcy, but Fitch Ratings will continue to factor in the probability of a Chapter 9 filing for all tax-supported local debt it rates, the agency said on Tuesday. Fitch ...

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