CHICAGO As the Minnesota Senate moved yesterday to advance a $1 billion capital budget, Moodys Investors Service sent a credit warning by shifting its outlook on the states Aa1 rating to negative due to ongoing fiscal weakness and heavy reliance on one-shots to balance its books.
Moodys Gets Negative on Minnesota, Citing Fiscal Weakness
Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.
the bond buyer conferences
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY