Sarasota bonds down, Florida up


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  • | 3:28 p.m. July 14, 2011
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  • Manatee-Sarasota
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Moody's Investor Service reduced its rating from Aa2 to Baa2 on $93 million of Sarasota County's bonds to finance the purchase of environmentally sensitive lands. The new rating is at the low end of investment-grade ratings and comes with a negative outlook reflecting the drop in the tax base.

 

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