Moody’s may downgrade California…
This shouldn’t be a surprise to any of us. It’s been in the works for a long time and advisors who reached for yield in muni’s will get withdrawals at the wrong time. It might lead to interesting opportunities in some of the closed-end levered muni funds.
http://www.marketwatch.com/story/moodys-may-downgrade-california-a2-rating-20096191144270
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Tags: bonds, closed end funds, fixed income, moody's, ratings, ratings agencies
Fixed Income/Bonds | Yaron Sadan | 
June 19, 2009 10:56 am
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