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Snohomish Co. SD 25, Wash., ULTGOs Downgraded to Aa3 by Moody's
Wednesday, January 9, 2013
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Moody's Investors Service said it has downgraded to Aa3 from Aa2 and to A1 from Aa3 the unlimited tax general obligation and limited tax general obligation bond ratings of Snohomish County School District 25 (Marysville), Wash., and assigned a negative outlook.

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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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