Junk-rated U.S. municipalities shine brighter with record low rates
July 26, 2016 at 01:21 AM EDT
NEW YORK/CHICAGO (Reuters) - Record low interest rates so far have failed to spur a wave of new borrowing in the $3.7 trillion U.S. municipal debt market, with one exception: its weakest borrowers are seizing the opportunity to prop up their finances at costs they can afford.
