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Tuff-Stuff

06/14/12 6:16 AM

#464725 RE: Tuff-Stuff #464724

UPDATE 2-Moody's sees rising odds of default by Stockton, Calif.>>It's increasingly likely that Stockton, California will default on some of its debt obligations, Moody's warned yesterday, as the city faces a July 1 deadline for confidential talks with its creditors aimed at averting bankruptcy. The muni bond market is watching carefully.

http://www.reuters.com/article/2012/06/14/municipals-stockton-idUSL1E8HDJR520120614