Regional News
Missouri Sales Tax District Improves
Tuesday, January 8, 2013
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Fitch Ratings has revised its outlook on the junk bond rating of Chesterfield Valley Transportation Development District’s sales tax bonds to positive as the district expects to add new development this year.

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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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