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Okaloosa Co. School, Fla., GOs Upgraded to AA-Plus by Fitch
Thursday, January 31, 2013
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Fitch Ratings said it has upgraded the Okaloosa County School Board, Fla.'s implied general obligation rating to AA-plus from AA; its $2.8 million refunding and revenue bonds, series 2011 (state sales tax revenue bonds) to AA-plus from AA; and $63.4 million certificates of participation (COPs), series 2003, 2006 and 2007...

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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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