S&P says no more muni rating downgrades for now

08/10/2011 | Bloomberg

Standard & Poor's downgraded thousands of ratings on municipal bonds linked to the federal government, but said it will refrain from further such rating cuts until more details are settled regarding the government's spending plans. "We don't have enough information," said Steve Murphy of S&P. "We know the states that are reliant on the federal government, we know the locals that are reliant on the federal government, but we don't know what the cuts are." Recent events make SIFMA's Third Annual Municipal Bond Summit a must-attend event. Register today.

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