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Woodland, Calif., 2002 Lease Revs Cut to A2 by Moody's; 2005 to A3
Friday, January 11, 2013
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Moody's Investors Service said it has downgraded the city of Woodland, Calif.'s 2002 lease revenue bonds to A2 from A1 and 2005 lease revenue bonds to A3 from A2.

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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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