Markets - Market News
Moody's Downgrades Sunnyvale, Calif., COPs to Aa2
Friday, January 18, 2013
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Moody's Investors Service said it has downgraded to Aa2 from the Aa1 the rating on the city of Sunnyvale, Calif.'s certificates of participation.

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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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