Markets - Market News
Harrisburg Area CC, Pa., Lowered to A-Minus by S&P
Wednesday, February 27, 2013
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Standard & Poor's Ratings Services said it has lowered its long-term rating to A-minus from A on Pennsylvania State Public School Building Authority's college revenue bonds, issued for Harrisburg Area Community College.

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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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