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FACTBOX-Municipal bond issuers with widest credit spreads
July 12, 2011 / 5:00 PM / 6 years ago

FACTBOX-Municipal bond issuers with widest credit spreads

 NEW YORK, July 12 (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   215       204.7     $40 bln       $24 bln      BBB      A3
Illinois      165       176.2     $24 bln       $62 bln      A+       A1
California     89       105.3     $87 bln       $50 bln      A-       A1
Michigan       80        81.0     $7 bln        $12 bln      AA-      Aa2
Nevada         70        67.6     $2 bln        $2 bln       AA       Aa2
D.C.           60        57.0     $6.4 bln      $0           A+       Aa2
New Jersey     58        55.5     $32 bln       $37 bln      AA-      Aa3
N.Y. City      48        55.5     $61 bln       $76-122 bln  AA       Aa2
Rhode Isl.     47        46.0     $2 bln        $4 bln       AA       Aa2
Florida        39        34.4     $21 bln       $18 bln      AAA      Aa1
 *In basis points for the week ended July 8, 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 Andrew Hay)


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