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Casino RDA, N.J., Revs on Moody's Review for Downgrade
Wednesday, December 19, 2012
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Moody's Investors Service said it has placed the Baa2 special tax rating on the Casino Reinvestment Development Authority, N.J.'s $244.3 million parking fee and Atlantic City fund revenue bonds and $71.2 million hotel fee revenue bonds under review for possible downgrade.

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Commentary - When It May Be Virtually Free to Be Tax Free
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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