Municipal Bond Forum
Why trust the muni bond rating agencies?
Q
Moody’s and Standard and Poor’s proved their fallibility in 2008 and before.
Their ratings are useless.
Why should I trust them now?
A
James A. Klotz responds:
We never suggested the rating agencies are infallible or should be “trusted” when making your investment decisions.
We do believe, however, that ratings should be one of the considerations when researching municipal securities.
Start here.
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The responses provided in this forum are meant to address specific questions posed by investors about their municipal bonds and to provide market insight for our general audience. Please note, your investments, objectives, results and experience may differ significantly. Our answers and any potential strategies discussed should not be construed as a solicitation to buy nor sell any security or investment product. All investing entails risk.