Fitch Ratings said it downgraded to AA-minus from AA San Rafael, Calif.'s $7.4 million Joint Powers Authority lease revenue refunding bonds series 2012; $5,000 Joint Powers Authority lease revenue bonds series 2003; and the city's implied general obligation bond rating to AA from AA-plus.
A recent research paper suggests widespread violations of MSRB fair pricing rules are rampant in the municipal market. But scratching just below the surface reveals serious flaws in the methodology and assumptions underlying the authors' conclusions.
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