Regional News
S&P Affirms Miami's BBB General Obligation Rating
Monday, December 3, 2012
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Standard & Poor's affirmed its BBB rating on Miami's general obligation bonds and its BBB-minus rating on the city's non-ad valorem and limited-tax debt. The outlook is negative.

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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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