Moody's Investors Service revised its outlook on Wisconsin Public Power Inc.'s A1 rating to negative from stable because plans for additional debt may strain the system's balance sheet.
Moody's Goes Negative on WPPI
DEC 31, 2012 10:16am ET
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"One of these things does not belong" is a catchy slogan and it comes to mind when looking at the latest tax policy ideas coming from Washington when looking at the municipal bond tax exemption. The exemption is not a result of the growth of a tax code designed to induce or reduce certain behaviors. Rather, it is the foundation for the flow of capital in a $3.7 trillion dollar market required to efficiently finance the nation's infrastructure.
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