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Regional News
Payment Default Triggers Downgrade on Minnesota City's Sports Complex Bonds
by: Yvette Shields
Tuesday, February 26, 2013
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Standard & Poor's dropped its rating Tuesday to D on $25 million of lease-backed revenue debt issued in 2010 by a Minnesota city to finance a sports complex that it cut financial support to last year.

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Commentary - When It May Be Virtually Free to Be Tax Free
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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