US tax-free debt may face risks from Merrill Lynch (Gulf Times)
Story date: 2007-10-27 09:51:41
Added on: 2007-10-28 08:00:19
NEW YORK: The US municipal bond market, a $2.5tn asset class with one of the world’s lowest default rates, is fretting over whether the downgrade of Merrill Lynch’s credit rating will do more damage.
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