Markets - Market News
Virginia, Minn., GOs Downgraded to A2 by Moody's
Monday, November 12, 2012
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Moody's Investors Service said it has downgraded to A2 from A1 the rating on the city of Virginia, Minn.'s general obligation debt, affecting $36 million in post-sale debt outstanding.

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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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