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FACTBOX-Municipal bond issuers with widest credit spreads

Tue Aug 2, 2011 9:42am EDT

 Aug 2 (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   205       205.7     $40 bln       $24 bln      BBB      A3
Illinois      140       175.9     $24 bln       $62 bln      A+       A1
California     81       103.7     $87 bln       $50 bln      A-       A1
Michigan       80        80.7     $7 bln        $12 bln      AA-      Aa2
Nevada         70        67.9     $2 bln        $2 bln       AA       Aa2
D.C.           55        56.4     $6.4 bln      $0           A+       Aa2
New Jersey     50        56.1     $32 bln       $37 bln      AA-      Aa3
Rhode Isl.     47        46.4     $2 bln        $4 bln       AA       Aa2
N.Y. City      43        55.0     $61 bln       $76-122 bln  AA       Aa2
Ohio           35        32.2     $11 bln       $2.9 bln     AA+      Aa1
 *In basis points for the week ended July 29, 2011, Sources: Municipal
MarketData, Moody's Investors Service, Standard & Poor's Ratings Services,
local government budget reports, official statements
 (Reporting by Caryn Trokie; Editing by James Dalgleish)


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