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SeekingAlpha.com (Free subscription) | 10 hours ago
Richard Shaw ( QVM Group ) submits: State budgets are a shambles. Sales taxes, corporate taxes, personal income taxes and other taxes are being raised all over the country. The budget problems and consequential taxes will impact municipal bond rates and default risk, and after-tax investment returns on many forms of investment. California Muni Money Funds: Complete Story »
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Financial Times (Free subscription) | 07/03/2009
Japan's samurai bond market showed further signs of rejuvenation as EDF of France became the first non-financial company to sell such bonds since the collapse of Lehman Brothers
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BloggingStocks (Free subscription) | 07/03/2009
Filed under: Bad news , Market matters , Recession Unlike the stock market, the bond market thrives on "bad" news. Why is this? The main reason is the money trail. Investors are quick to move their money from stocks into bonds when something bad happens. Yesterday we had plenty of bad news. The U.S. job market lost 467,000 jobs, a 26-year high. Now to add fuel to the fire, wages are dropping...
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CNNMoney.com (Free subscription) | 07/03/2009
The safety of municipal bonds is often taken for granted. But California's recent budget troubles have thrown the default possibility back into the limelight.
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Business Wire (Free subscription) | 07/03/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA+' rating to Chelan County Public Utility District No. 1 (the district) Washington's $21.9 million and $8.5 million series 2009A and 2009B, respectively,
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Business Wire (Free subscription) | 07/02/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns a 'BBB-' issuer credit rating to Big Rivers Electric Corporation, Kentucky (Big Rivers). The Rating Outlook is Stable. A full report will follow.
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Business Wire (Free subscription) | 07/02/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a short-term rating of 'F1+' to Lucas County, Ohio's $90 million limited tax general obligation (LTGO) arena improvement bond anticipation notes (BANs) consisting
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Business Wire (Free subscription) | 07/02/2009
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'AA-' unenhanced rating for Hospital Sisters Services, Inc.'s (HSSI) approximate $588 million of Illinois Finance Authority and Wisconsin Health and Educational
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Business Wire (Free subscription) | 07/02/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded and assigned a Rating Outlook on the following class of GECMC 2003-C2 commercial mortgage pass-through certificates, series 2003-C2:
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Business Wire (Free subscription) | 07/02/2009
NEW YORK--(BUSINESS WIRE)--A proposed amendment to various Capmark CDO transaction documents that removes the requirement that Fitch Ratings provide a rating agency confirmation with respect to any proposed action or
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Business Wire (Free subscription) | 07/02/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has placed 17 classes from SASCO 2007-BHC1 on Rating Watch Negative due to its exposure to 2006 vintage U.S. CMBS collateral (see ratings at end of release).
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Business Wire (Free subscription) | 07/02/2009
NEW YORK--(BUSINESS WIRE)--In the course of routine surveillance, Fitch Ratings affirms Madera Unified School District's (the district) debt ratings as follows:
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Business Wire (Free subscription) | 07/02/2009
CHICAGO--(BUSINESS WIRE)--In the course of routine surveillance, Fitch Ratings affirms its 'AA' rating on the City of Kentwood, MI's (the city) approximately $12.3 million of outstanding limited tax general obligation
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Business Wire (Free subscription) | 07/02/2009
AUSTIN, Texas--(BUSINESS WIRE)--Fitch Ratings assigns an initial 'AA-' rating to the City of Casa Grande, Arizona's (the city) $19 million general obligation (GO) bonds, series 2009, and approximately $11 million in