Markets - Buy Side
Credit Changes Not Likely for Issuers Hurt by Sandy
Wednesday, November 14, 2012
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The credit quality for most municipal issuers who were affected by Hurricane Sandy is likely to remain unchanged, despite late debt service payments by four of them, according to a new report by Moody's Investors Service.

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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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