Recalibration of municipal bond ratings could lead to confusion

04/2/2010 | Wall Street Journal, The

Moody's Investors Service and Fitch Ratings plan to recalibrate their systems for rating municipal bonds, a move that could have unintended consequences. Some mutual fund investors could be confused by the changes, experts said, because they likely will make many issues appear more attractive. However, the changes are also expected to make it easier for investors to compare various types of bonds.

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