Markets - Market News
El Camino Hospital, Calif., Upgraded to A1 by Moody's
Monday, February 25, 2013
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Moody's Investors Service has upgraded to A1 from A2 El Camino Hospital's bond rating affecting $186.9 million of outstanding fixed and variable rate demand revenue bonds issued by Santa Clara County Financing Authority, Calif.

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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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