Markets - Market News
Amityville, N.Y., GOs Downgraded to BBB-Minus by S&P
Monday, February 11, 2013
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Standard & Poor's Ratings Services said it lowered to BBB-minus from A-minus its underlying rating on Amityville, N.Y.'s general obligation debt and placed the rating on CreditWatch with negative implications.

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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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