Markets - Market News
Los Angeles GOs Raised to Aa2 by Moody's
Wednesday, January 23, 2013
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Moody's Investors Service said it has upgraded the city of Los Angeles' general obligation bond rating to Aa2 from Aa3.

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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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