ATLANTA - Moody's Investors Service yesterday lowered its 23-year-old Al general obligation bond rating of Miami to A, citing growing financial pressures on the city.

"We do not have immediate concerns about Miami's ability to repay debt, but we felt that in light of a structural problem with its revenue base and increasing service demands, the Al was no longer appropriate," said Marcy Edwards, a Moody's vice president and manager of Southeast regional ratings.

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