7000 Muni Bonds at Risk of Automatic Downgrade

Posted by

This is a nice thing to wake up to…

From Bloomberg:

At least 7,000 top-rated municipal credits would have their ratings cut if the U.S. government loses its Aaa grade, Moody’s Investors Service said.

An “automatic” downgrade affecting $130 billion in municipal debt directly linked to the U.S. would occur if the federal level is reduced, Moody’s said yesterday in a report. Additionally, top-rated securities with no direct links to the national government will be reviewed for similar action.

Nothing like the threat of a massive bond market cascade to head into the weekend thinking about.  The most demented thing about this prospect is the fact that it will inordinately affect the retirees and near-retirees that make up such a large part of the muni market.

The beat goes on…

Source:

Moody’s Will Cut 7,000 Municipal Ratings If U.S. Debt Downgraded (Bloomberg)

Tags: $MUB

What's been said:

Discussions found on the web
  1. heathrow to cheltenham taxi commented on Sep 17

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2011/07/15/7000-muni-bonds-at-risk-of-automatic-downgrade/ […]

  2. brm replica watches commented on Sep 18

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2011/07/15/7000-muni-bonds-at-risk-of-automatic-downgrade/ […]

  3. blazing trader reviews commented on Sep 28

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2011/07/15/7000-muni-bonds-at-risk-of-automatic-downgrade/ […]

  4. immediate edge review commented on Sep 29

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2011/07/15/7000-muni-bonds-at-risk-of-automatic-downgrade/ […]

  5. fun88 commented on Oct 13

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2011/07/15/7000-muni-bonds-at-risk-of-automatic-downgrade/ […]

  6. is kalpa pharma good commented on Oct 22

    … [Trackback]

    […] Find More on on that Topic: thereformedbroker.com/2011/07/15/7000-muni-bonds-at-risk-of-automatic-downgrade/ […]

  7. Quality Engineering Services commented on Nov 11

    … [Trackback]

    […] There you will find 97384 more Info on that Topic: thereformedbroker.com/2011/07/15/7000-muni-bonds-at-risk-of-automatic-downgrade/ […]

  8. umzugsfirma zürich commented on Nov 14

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2011/07/15/7000-muni-bonds-at-risk-of-automatic-downgrade/ […]

  9. DevOps Solutions and Services commented on Dec 01

    … [Trackback]

    […] Here you will find 50386 more Information on that Topic: thereformedbroker.com/2011/07/15/7000-muni-bonds-at-risk-of-automatic-downgrade/ […]

  10. bmo business online banking commented on Dec 04

    … [Trackback]

    […] Find More on to that Topic: thereformedbroker.com/2011/07/15/7000-muni-bonds-at-risk-of-automatic-downgrade/ […]

  11. 5d diamond painting commented on Dec 17

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2011/07/15/7000-muni-bonds-at-risk-of-automatic-downgrade/ […]

  12. Regression testing commented on Dec 21

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2011/07/15/7000-muni-bonds-at-risk-of-automatic-downgrade/ […]

  13. wig commented on Jan 23

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2011/07/15/7000-muni-bonds-at-risk-of-automatic-downgrade/ […]

  14. sscn bkn go id 2019 formasi sma commented on Jan 31

    … [Trackback]

    […] Here you will find 4989 more Information to that Topic: thereformedbroker.com/2011/07/15/7000-muni-bonds-at-risk-of-automatic-downgrade/ […]

  15. Brazino commented on Feb 04

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2011/07/15/7000-muni-bonds-at-risk-of-automatic-downgrade/ […]

HowIInvestMyMoney