Standard & Poor's Ratings Services said it lowered its long-term rating and underlying rating to BBB-minus from BBB on the Pennsylvania Economic Development Financing Authority's $15.59 million series 2000 and $4.63 million series 2002 bonds, issued for Dr. Gertrude A. Barber Center Inc.
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