Moody's Investors Service said it has assigned a Aa3 rating to Chabot Las Positas Community College District, Calif.'s $300 million 2013 general obligation refunding bonds and downgraded to Aa3 from Aa2 the rating on the district's $438 million in outstanding general obligation debt.
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