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May 13, 1982 (vol. 92, iss. 7) • Page Image 1

…The Michigan Daily Ann Arbor, Michigan-Thursday, May 13, 1982 Ten Cents Sixteen Pages State credit rating drops to new low LANSING (UPI) - Moody's In- vestors Service yesterday dropped Michigan's credit rating to the lowest in the nation, despite the legislature's last-minute passage of a temporary in- come tax hike in hopes of staving off the collapse. Both Gov. William Milliken and state Budget Director Gerald Miller said they were hop...…

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