Markets - Market News
Moody's Downgrades Berea City School District, Ohio, GOs to A1
Wednesday, January 23, 2013
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Moody's Investor's Service said it downgrades Berea City School District, Ohio's general obligation bond rating from Aa3 to A1 and its certificates of participation from A1 to A2.

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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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