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Harrisonburg RDA/HA, Va., Revs Downgraded to B2 by Moody's
Tuesday, February 19, 2013
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Moody's Investors Service said it has downgraded to B2 from Aaa the rating of Harrisonburg Redevelopment & Housing Authority, Va., taxable multi-family housing revenue bonds (Huntington Village Apartments project) 2001B, affecting $1,635,000 of 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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