Fitch says U.S. public finance downgrades dip slightly in Q4

Mon Feb 4, 2013 3:44pm EST

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Feb 4 (Reuters) - Fitch Ratings Service said on Monday the number of downgrades in the U.S. public finance sector fell slightly in the fourth quarter, but downgrades outpaced upgrades for the 16th consecutive quarter.

Fitch also said it expects negative rating actions to remain high, as negative outlooks exceeded positive outlooks in the fourth quarter.

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