Tuesday, April 13, 2010

Fitch: The 10 Muni Bonds Most Likely to Default

The municipal bond market has been white-hot of late, with the Merrill Lynch long-term muni index returning 18 percent during the last year.

But many think the good times will soon end, thanks to the burgeoning budget crises in multiple states and cities.

Here are the 10 muni bonds Fitch Ratings rank the lowest, courtesy of CNBC.

• Cluberson County Hospital District, Texas. Rated Triple B-minus. General obligation bond: unlimited tax backing.

• Buena Vista Township, Michigan. Rated Triple B-minus. General obligation bond: limited tax backing. (more)

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