Moody's Investors Service said it has upgraded to Aa1 from Aa2 the underlying rating on the Carle Place Union Free School District, N.Y.'s outstanding $11.4 million bonds secured by the district's general obligation unlimited ad valorem tax pledge.
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.
the bond buyer conferences
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY