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12-05-2012, 05:34 PM
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Originally Posted by aqib View Post
Interest rates in general are lower now than they used to be so depending on when the original debt was done its possible that you can do A2 debt today at a lower rate than AA3 debt a few years ago. I doubt it can be done now with the negative outlook (meaning another downgrade could happen at any point),
I think it's fair to say that a significant part of those savings are gone, but I took a quick look at a few Glendale bond quotes (Transportation Excise bonds) and they are still trading way above par (at 110-115). So they could still be saving some money, of course that depends on how much they can call the existing bonds for.

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