Moody's Investors Service has downgraded to A3 from A2 the rating on the Village of Mt. Orab, Ohio's $3.57 million general obligation limited tax debt outstanding.
Mt. Orab, Ohio, Downgraded to A3 by Moody's
DEC 10, 2012 7:29am ET
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"One of these things does not belong" is a catchy slogan and it comes to mind when looking at the latest tax policy ideas coming from Washington when looking at the municipal bond tax exemption. The exemption is not a result of the growth of a tax code designed to induce or reduce certain behaviors. Rather, it is the foundation for the flow of capital in a $3.7 trillion dollar market required to efficiently finance the nation's infrastructure.
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