Markets - Market News
Sweetwater UHSD, Calif., GOs Downgraded to A1 by Moody's
Tuesday, February 12, 2013
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Moody's Investors Service said it has downgraded the general obligation rating of Sweetwater Union High School District, Calif., to A1 from Aa3 and has also downgraded the rating on the district's outstanding certificates of participation, Series 2001 from A1 to A3.

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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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