Moody's Investors Service said it has downgraded the city of Colorado Springs airport system revenue refunding bond ratings to Baa1 from A3 on the Series 2007A, the Series 2007B, and the Series 2002A.
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