Investors voice concern about change to municipal ratings

03/31/2010 | Risk.net (subscription required)

Fitch Ratings and Moody's Investors Service recently announced a plan to change the way they rate the creditworthiness of municipalities, prompting concern from investors. The change would cause most ratings for state and local governments to increase by as many as three notches. While the House Financial Services Committee welcomed the proposal, investors warned that it might not accurately reflect financial woes faced by many municipal bond issuers.

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