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Depending on the size of the issue, a local government issuing bonds with an AAA rating, the highest in the scale run by S&P and Fitch, could wind up paying millions of dollars less in annual interest to bond buyers than an entity selling an issue with a rating below BBB-, the lowest grade for safe, investment-grade bonds
The case can be made that most of the legislation to protect public health on smoking, notably clean indoor air laws, had been passed by the 1990s
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