Markets - Market News
Plateau Utility District, Tenn., Upgraded to A3 by Moody's
Wednesday, November 28, 2012
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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.

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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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