muni

For Muni Bonds, Less AssuranceArticleStock QuotesComments 1MORE IN BUSINESS The last remaining insurer of new municipal-bond issues is bracing for a fall that could bring its industry to a new low—and possibly increase borrowing costs for some small local governments.Moodys Investors Service warned in late March that it might cut bond-insurer Assured Guaranty Ltd.s AGO -1.59% credit rating to the single-A range from the current Aa3, which is three notches below the highest rating of triple-A.A downgrade, likely in the coming weeks, would probably crimp demand from local governments and other municipal issuers for Assured Guarantys coverage, analysts and local government … Read more