Standard & Poor's Corp. raised more municipal ratings than it lowered in the third quarter of 1993, but the dollar volume downgraded exceeded the amount upgraded, the rating agency said yesterday.

Standard & Poor's downgraded $3.1 billion of municipal debt during the quarter and upgraded $2.2 billion. Thirty-six issuers were downgraded, while 45 were upgraded.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.