FACTBOX-Municipal bond issuers with widest credit spreads

Tue Sep 13, 2011 9:29am EDT

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 Sept 13 (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   230       209.2     $40 bln       $24 bln      BBB      Baa1
Illinois      160       175.6     $24 bln       $62 bln      A+       A1
California     90       102.5     $87 bln       $50 bln      A-       A1
Michigan       73        79.3     $7 bln        $12 bln      AA-      Aa2
Rhode Island   70        48.7     $2 bln        $4 bln       AA       Aa2
Nevada         60        68.5     $2 bln        $2 bln       AA       Aa2
New Jersey     50        58.2     $32 bln       $37 bln      AA-      Aa3
D.C.           50        56.3     $6.4 bln      $0           A+       Aa2
N.Y. City      46        54.6     $61 bln       $76-122 bln  AA       Aa2
Ohio           38        33.0     $11 bln       $2.9 bln     AA+      Aa1
 * In basis points for the week ended Sept. 9, 2011, Sources: Municipal
MarketData, Moody's Investors Service, Standard & Poor's Ratings Services,
local government budget reports, official statements.
 (Reporting by Caryn Trokie)


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