Moody's Investors Service has downgraded to Baa1 from A2 to New London-Spicer Independent School District 345, Minn.'s long-term underlying general obligation rating, affecting approximately $2.4 million of rated GO debt outstanding.
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