Are California State Muni Bonds Secure?
- Topics:
- Taxes
- Source:
- Charles Schwab
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Overview: Currently, California's General Obligation Unlimited Tax (GO/UTX) bonds carry an A+ bond rating from Standard & Poor's, A1 from Moody's and A+ from Fitch. All have been under review for potential downgrades but are still strong investment-grade ratings. Historically, defaults on municipal bonds - particularly those issued by state and local governments and secured by tax revenues - have been extremely rare. For the buy-and-hold investor, state and local government muni bonds are generally considered to be one of the safest fixed-income investments after Treasury bonds.
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Format: HTML | Date: Dec 2008 | Pages: 5
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