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Washington Twp Health Care, Calif., Cut to Baa1 by Moody’s
Thursday, June 21, 2012
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Moody's Investors Service said it has downgraded Washington Township Health Care District, Calif.'s (WTHCD) long term revenue bond rating to Baa1 from A3, affecting $232 million of rated revenue bonds outstanding. The outlook is negative.

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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.

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