Fitch Ratings notes that during the first quarter of 2013 and for the 17th consecutive quarter, U.S. public finance rating downgrades outnumbered upgrades.

Both the number of upgrades and downgrades increased from the fourth quarter of 2012.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.