Title
An Examination Of The Yield Spread Between Insured And Uninsured Debt
Keywords
Business; Finance
Abstract
Currently, municipal bonds insured by major insurance firms receive the highest credit rating from rating agencies. The interest rates on regular triple‐A municipal bonds, however, have been persistently below those of insured bond issues. The yield spread between insured and uninsured triple‐A bonds in the tax‐exempt market is examined here, and it is shown that the yield spread may be attributable to split ratings and default‐related risks.
Journal Title
Journal of Financial Research
Volume
12
Issue/Number
3
Publication Date
1-1-1989
Document Type
Article
Language
English
First Page
235
Last Page
244
WOS Identifier
ISSN
0270-2592
Recommended Citation
Hsueh, L. P. and Chandy, P. R., "An Examination Of The Yield Spread Between Insured And Uninsured Debt" (1989). Faculty Bibliography 1980s. 782.
https://stars.library.ucf.edu/facultybib1980/782
Comments
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