FACTBOX-Municipal bond issuers with widest credit spreads

Tue Aug 16, 2011 10:39am EDT

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 NEW YORK, Aug 16 (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   210       206.1     $40 bln       $24 bln      BBB      Baa1
Illinois      140       175.4     $24 bln       $62 bln      A+       A1
California     83       102.8     $87 bln       $50 bln      A-       A1
Michigan       73        80.2     $7 bln        $12 bln      AA-      Aa2
Nevada         60        67.9     $2 bln        $2 bln       AA       Aa2
D.C.           50        56.2     $6.4 bln      $0           A+       Aa2
Rhode Isl.     45        46.6     $2 bln        $4 bln       AA       Aa2
New Jersey     40        56.3     $32 bln       $37 bln      AA-      Aa3
N.Y. City      40        54.5     $61 bln       $76-122 bln  AA       Aa2
Ohio           33        32.3     $11 bln       $2.9 bln     AA+      Aa1
 *In basis points for the week ended Aug. 12, 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 Chizu Nomiyama)


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