Regional News
Fitch Drops Miami-Dade Water and Sewer Debt to A-Plus
Monday, February 4, 2013
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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.

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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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