Moody's Investors Service said it has upgraded to Aa2 from Aa3 the rating on the charter township of Green Oak, Mich.'s outstanding general obligation limited tax debt and assigned the Aa2 rating to the township's $14.5 million capital improvement bonds, Series 2013.
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