Markets - Buy Side
Fitch: More Downgrades Than Upgrades in 4Q
Tuesday, February 5, 2013
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Fitch Ratings assigned more downgrades than upgrades during the fourth quarter of 2012, continuing the trend for the 16th consecutive quarter.

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Opinion

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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