Auto/Economy
10:13 am
Fri October 14, 2011

Lansing's credit rating is downgraded

LANSING, Mich. (AP) - Moody's Investors Service has downgraded Lansing's credit rating. The city's rating has gone from Aa2, Moody's third-highest rating, to A1, its fifth highest. City finance director Jerry Ambrose says the downgrade impacts the interest rate Lansing would pay to borrow money.

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