Moody's Investors Service said it has assigned an A3 rating to the Plateau Utility District, Tenn.'s $5.6 million waterworks revenue refunding bonds, Series 2012, and upgraded to A3 from Baa1 $4.9 million in previously rated parity debt.
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.
the bond buyer conferences
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY