Markets - Market News
East Pennsboro, Pa., Downgraded to Baa2 by Moody's
Friday, December 14, 2012
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Moody's Investors Service said it has downgraded to Baa2 from A3 the rating on the township of East Pennsboro, Pa.'s $31.8 million of outstanding general obligation bonds and has assigned a negative outlook to the rating.

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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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