Markets - Market News
St. George, Utah, Elec Revs Downgraded to Baa1 by Moody's
Monday, December 24, 2012
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Moody's Investors Service said it has downgraded to Baa1 from A1 the rating on the city of St. George, Utah Electric Revenue Bonds with approximately $60.9 million of rated debt outstanding.

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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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