Standard & Poor's Ratings Services said it raised its underlying rating to A-minus from BBB-plus on Tarrant County Cultural Education Facilities Finance Corp., Texas' $96.7 million series 2009A and 2009B fixed-rate hospital revenue bonds, and series 2009C variable-rate hospital revenue bonds, issued for Hendrick Health System.
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