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Banks renewed or replaced 85% of expiring letters of credits with municipalities in Q1, a report...

Banks renewed or replaced 85% of expiring letters of credits with municipalities in Q1, a report from Moody's shows, easing fears of a costly scramble to refinance tens of billions of dollars. The banks had issued these notes, worth $13.5B, during the financial crisis.
Comments (4)
  • bbro
    , contributor
    Comments (9480) | Send Message
     
    Lost in all the falderal on Friday....State of California Credit Default
    Swaps came in at an 18 month low...178...The day of Meredith
    Whitney's 60 minute muni talk it was 294....
    9 May 2011, 08:08 AM Reply Like
  • Tack
    , contributor
    Comments (12980) | Send Message
     
    Yeah, where is Ms. Cassandra these days? Pretty quiet, eh?
    9 May 2011, 08:11 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Kicking the can down the road....that is all...
    9 May 2011, 08:15 AM Reply Like
  • bbro
    , contributor
    Comments (9480) | Send Message
     
    Somebody is betting money on the can....
    9 May 2011, 09:08 AM Reply Like
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