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Thousands of US Muni obligations being reviewed by Moody

By Stevebavaro2011@gmail.com Subscribe to RSS | March 13th 2012 | Views:
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From a past few days, Moody’s Investors Services is keeping a close watch on as many as thousands of municipal sector obligations of the United States Of America. This is being done in relation to the 26 banks who were in the pasty days under some sort of a review as far as downgrading of the credit ratings was concerned.

The rating agency of Wall Street said that they were having a clear look at the ratings on which the debts were sold by the cities, by the states, by the hospitals and also by some other organizations that were only and primarily keeping their base on the support which got they got from the banks who were under review. They were also keeping a tab on various short-spanned rating of the other kinds of obligations that were in relations to the purchasing agreements of the bonds that were on standby currently and many same kinds of facilities from the side of the banks.

In addition to all this, Moody’s is also of the view that they are also thinking of downgrading the short-timed ratings of the bonds of the tender options. In this case the person who is the holder of the bond can very easily put the bond back to the person who is the issuer and also short as well as long ratings whose basis is the analysis of the joint default. They have to say that according to their calculation that the by default dependence of the issuer as well as the bank, which can said to be the last group, only their sole transaction is going to touch the mark of 345. Need cash for investment apply with quick unsecured personal loans @ http://www.quickunsecuredpersonalloans.co.uk/ and get easy cash?

Because of this very piece of news there is a matter of concern in the market that the market of municipal bonds which is worth 3.7 trillion dollars in which the people who play the role of the issuer have till date able to been extend or replace the letter of the credit and have done it in quite a successful manner and apart from this they have also handled expiring of the other facilities that had supported them during the times of debts. There was a stir created in the letter of the credit of the banks when the market of the auction-rates and its securities had collapsed. At that time even the issuers had moved away their cash into the bonds that had variable rate for which the facility of the serving of the credit lining is required.

Stevebavaro2011@gmail.com - About Author:
Steve Bavaro is expert financial adviser. He gives his expert views on finance UK. He writes articles for quick unsecured personal loans, quick long term loans and unsecured bad credit loans.

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