FACTBOX-Municipal bond issuers with widest credit spreads

Tue Oct 11, 2011 9:40am EDT

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Oct 11 (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       211.0     $40 bln       $24 bln      BBB      Baa1
Illinois      169       176.2     $24 bln       $62 bln      A+       A1
California    105       102.7     $87 bln       $50 bln      A-       A1
Michigan       73        78.8     $7 bln        $12 bln      AA-      Aa2
Nevada         60        68.8     $2 bln        $2 bln       AA       Aa2
Rhode Isl.     60        49.7     $2 bln        $4 bln       AA       Aa2
N.Y. City      58        54.8     $61 bln       $76-122 bln  AA       Aa2
New Jersey     50        58.9     $32 bln       $37 bln      AA-      Aa3
D.C.           50        56.5     $6 bln        $0           A+       Aa2
Florida        44        34.1     $21 bln       $18 bln      Aaa      Aa1
    *In basis points for the week ended Oct. 7, 2011, Sources: Municipal
MarketData, Moody's Investors Service, Standard & Poor's Ratings Services,
local government budget reports, official statements
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