Coffin-Maker Collapse Shows Unrated Bonds Riskiest: Muni Credit

Coffin-Maker Collapse Shows Unrated Bonds Riskiest: Muni Credit

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Boulder County sheriff's deputy tapes a 'no trespass order' on the front door of a home that was foreclosed. Boulder County issued bonds in September 2006 for a Colorado school financed by unrated U.S. municipal debt that defaulted and lost investors money. It is sure to effect the community.