municipal bond rating services

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First let us begin by defining what a municipal bond is. Municipal bonds are are debt obligations of state and local governments. Moody's classifications signify the following: Aaa -best quality; Aa -high quality; A -upper medium grade; Baa -medium grade (some speculative characteristics); Ba -characterized by uncertainty; B -lacks characteristics of desirable investments; Caa -poor standing; Ca -speculative to a high degree; C -lowest rated class of bonds.
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<br>http://invest-faq.com/articles/bonds-moody-ratings.html
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<br>The two main bond rating firms are Moody's and Standard and Poors--the ratings provided are bases on the creditworthiness of the issuer. Note: bond rating are concerned ONLY with the possibility of default. Municipal bonds are rated in the same manner as corporate bonds because they have varying ...