Fitch Ratings downgraded nearly $2 billion of Miami-Dade County's outstanding water and sewer revenue bonds one notch to A-plus from AA-minus on Friday.
Fitch Drops Miami-Dade Water and Sewer Debt to A-Plus
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