Public finance downgrades continued to outnumber upgrades for the 10th consecutive quarter, according to the latest study from Moody's Investors Service.
The rating agency downgraded 127 credits in the April to June period, versus 43 upgrades. That makes for a ratio of 3 to 1, an historically high level but an improvement from the 3.9-to-1 ratio in the first quarter.
Friday, July 08, 2011
Muni Downgrades Still Outnumber Upgrades: Moody's
The Bond Buyer reports:
