Fitch plans to overhaul credit-evaluation system for municipalities

03/26/2010 | Bond Buyer (free content), The

Fitch Ratings said municipalities' credit ratings should be based on the same standards as those of corporate issuers. When the rating agency revamps its credit-evaluation system for municipalities, most states and cities will see their credit rating rise. Fitch's announcement follows a similar plan by Moody's Investors Service.

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