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Fitch, the bond rating agency, has affirmed the BBB-minus rating of San Diego County's certificates of participation issued on behalf developmentally disabled and mentally impaired persons. The outlook is negative, says Fitch. The program is called Arc and serves 1800 to 1900 persons. In Fitch's system, BBB bonds have good credit ratings with a low default risk. But BB bonds are speculative. BBB-minus bonds are between the two. Thanks to Matt Potter for sending this along.

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