Regional News
Fitch Revises LIPA to Negative on Sandy Costs
Monday, November 12, 2012
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Fitch Ratings revised the outlook to negative from stable on the Long Island Power Authority’s $5.9 billion of outstanding revenue bonds based on restoration costs from Hurricane Sandy.

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Opinion

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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