Regional News
Moody's Downgrades Natchez, Miss.
Wednesday, February 20, 2013
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Moody's Investors Service Tuesday downgraded the city of Natchez, Miss.'s general obligation rating to A2 from A1 citing the city's limited cash and reserves.

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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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