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US municipal defaulters decline amid improving economy

Improved local-government finances support rally in their debt

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Published Thu, Jan 1, 2015 · 09:50 PM

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New York

US municipal issuers are defaulting at the slowest pace since at least 2010 as a strengthening economy boosts local-government finances.

With the US economy expanding the most in more than a decade, improved balance sheets for cities and counties are easing concerns of widespread failures and supporting an unprecedented rally in their debt.

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