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Dinuba RDA, Calif., Tax Allocation Debt SPUR Lowered to BBB-Plus by S&P
Thursday, November 29, 2012
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Standard & Poor's Ratings Services said it lowered its underlying rating on Dinuba Redevelopment Agency, Calif.'s senior tax allocation debt outstanding to BBB-plus from A-minus. The outlook is stable.

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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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