Municipal Bond Forum
Why trust the muni bond rating agencies?
Moody’s and Standard and Poor’s proved their fallibility in 2008 and before.
Their ratings are useless.
Why should I trust them now?
James A. Klotz responds:
We never suggested the rating agencies are infallible or should be “trusted” when making your investment decisions.
We do believe, however, that ratings should be one of the considerations when researching municipal securities.
Do you have specific criteria for bonds you’re looking for? Let us know and we’ll e-mail you bonds that fit your needs. There is no charge for this service.
This report is produced solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. This report is based on information obtained from sources believed to be reliable but no independent verification has been made, nor is its accuracy or completeness guaranteed.