Markets - Market News
Fitch Upgrades Missouri Joint Muni Util's Prairie State Revs to A
Wednesday, November 14, 2012
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Fitch Ratings said it has upgraded the following Missouri Joint Municipal Electric Utility Commission power project revenue bonds (Prairie State Project) to A from A-minus with par amounts as of Dec. 31, 2011: $554,453,287 Series 2007A and Series 2007B; $206,004,151 Series 2009A and Series 2009B; and $77,760,292 Series 2010A and...

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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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