Fitch Ratings has revised its outlook on Kansas City, Missouri's general obligation, lease, and special obligations ratings to stable from negative in recognition of its advances in pension funding and decision to scale back on an ambitious capital plan.
Kansas City Credit Stabilizes
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.
the bond buyer conferences
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY