Municipal Bond Ratings: Are They Worthwhile for Rural Governments?

Patrick J. Sullivan

Journal of the Northeastern Agricultural Economics Council, 1982, vol. 11, issue 01, 7

Abstract: Rural governments in the Northeast purchased credit ratings for a high percentage of their general obligation bonds sold in 1977. This paper examines the effect credit ratings had on the interest cost of GO bonds sold by nonmetro governments in the Northeast. The results suggest that the decision to purchase a rating may be a costly error under certain circumstances.

Keywords: Agricultural Finance; Public Economics (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nareaj:159792

DOI: 10.22004/ag.econ.159792

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