Municipal Bond Ratings: Are They Worthwhile for Rural Governments?

Rural governments in the Northeast purchased credit ratings for a high percentage of their general obligation bonds sold in 1977. This paper examines the effect credit ratings had on the interest cost of GO bonds sold by nonmetro governments in the Northeast. The results suggest that the decision to purchase a rating may be a costly error under certain circumstances.


Issue Date:
1982
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/159792
Published in:
Journal of the Northeastern Agricultural Economics Council, Volume 11, Number 1
Journal of the Northeastern Agricultural Economics Council
Page range:
67-73
Total Pages:
7




 Record created 2017-04-01, last modified 2017-08-27

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