Markets - Market News
Ventura County, Calif., Upgraded to Aa1 by Moody's
Tuesday, February 5, 2013
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Moody's Investors Service said it has upgraded the issuer rating of Ventura County, Calif., to Aa1 from Aa2 and has confirmed the Aa3 ratings on the county's outstanding lease supported obligations totaling approximately $93.7 million, including the 2009 certificates of participation and the 2003 certificates of participation (Public Financing Authority...

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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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