Markets - Market News
Fitch Downgrades San Francisco CCD 2002 GOs to A-Minus
Friday, November 16, 2012
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Fitch Ratings said it has downgraded to A-minus from A San Francisco Community College District's $28.1 million 2002 general obligation bonds (election of 2001, series A).

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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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