Markets - Market News
Cleveland Muni SD, Ohio, ICR Raised to A-Minus by S&P
Friday, January 4, 2013
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Standard & Poor's Ratings Services raised its issuer credit rating on Cleveland Municipal School District's general obligation debt to A-minus from BBB-plus.

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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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