Markets - Market News
Jasper, Texas, Downgraded to A3 by Moody's
Wednesday, November 14, 2012
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Moody's Investors Service has downgraded to A3 from A2 the outstanding rating on the city of Jasper, Texas's general obligation limited tax debt.

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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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