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Running counter to this trend were gains of 20% for bridges and 23% for miscellaneous public works projects, which includes mass transit work and outdoor sports stadiums.
Running counter to the positive news cruising in from F, American Axle blew a tire after being downgraded to "hold" from "buy" with the covering analyst citing profit outlook issues.
However, running counter to the positive trend on rating changes, the ratio of the number of credits with a Negative Rating Outlook to those with a Positive Rating Outlook increased to 2.