Regional News
Insurer Wants Receiver for Xenia Water District
Monday, November 19, 2012
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Assured Guaranty Corp. is asking an Iowa court to name a receiver to oversee the Xenia Rural Water District which has struggled to repay $81 million of outstanding revenue bonds insured by the company.

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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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