FACTBOX-Municipal bond issuers with widest credit spreads

Wed May 25, 2011 11:34am EDT

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 NEW YORK, May 25 (Reuters) - The following are the 10 municipal bond
issuers with the widest spreads for 10-year bonds over Municipal Market Data's
benchmark triple-A scale.
ISSUER      WEEKLY     YEARLY    OUTSTANDING    UNFUNDED     S&P      MOODY'S
         SPREAD*    AVERAGE   TAX-SUPPORTED  DBT PENSION  RATING   RATING
Puerto Rico   235       199.4     $40 bln       $24 bln      BBB      A3
Illinois      165       171.7     $24 bln       $62 bln      A+       A1
California     87       108.1     $87 bln       $50 bln      A-       A1
Michigan       80        81.5     $7 bln        $12 bln      AA-      Aa2
Nevada         70        69.2     $2 bln        $2 bln       AA       Aa2
New Jersey     68        52.5     $32 bln       $37 bln      AA-      Aa3
D.C.           60        57.8     $6.4 bln      N.A.         A+       Aa2
N.Y. City      50        55.7     $61 bln       $76-122 bln  AA       Aa2
Rhode Isl.     47        45.9     $2 bln        $4 bln       AA       Aa2
Mississippi    42        34.2     $4.4 bln      $10 bln      AA       Aa2
 *In basis points for the week ended May 20, 2011, Sources: Municipal Market
Data, Moody's Investors Service, Standard & Poor's Ratings Services, local
government budget reports, official statements


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