Downgrade of Funds to Have Broad Effects
Jun 25, 2012 | Posted by: roboblogger | Full story: Wall Street Journal
A Moody's Investors Service downgrade of securities issued by 38 closed-end mutual funds last week could ripple across financial markets, affecting a broad swath of municipal-bond and money-market mutual-fund managers, analysts said.
What were the funds downgraded?
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