7,000 Muni Bonds at Risk of Automatic Downgrade

Jul 27, 2011 | Bonds

If the US Gov’t is downgraded (I argue when not if) then 7,000 municipal bonds will be automatically downgraed as well. At least according to Moody’s.

This really hurts retirees as they’re the largest part of this market.

7,000 Muni Bonds at Risk of Automatic Downgrade — Link