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Montebello municipal bonds downgraded to junk status

May 6, 2011 12:39:52 AM- latimes.com
The move by credit rating agency Moody's may make it more difficult for Montebello to get a loan to keep afloat.

Some of Montebello's municipal bonds have been downgraded to junk status, another blow to a city already teetering on the edge of insolvency.

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