Markets - Market News
Herkimer County, N.Y., Upgraded to Aa3 by Moody's
Wednesday, February 6, 2013
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Moody's Investors Service said it has upgraded the Herkimer County, N.Y., general obligation rating to Aa3 from A1, affecting $7.9 million in outstanding debt.

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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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