Investors can determine the risk of investing in a particular municipal note by examining the ratings issued by Moody's and by Standard & Poor's.
Moody's gives municipal notes three possible ratings: MIG 1 (best quality), MIG 2 (high quality) and MIG 3 (adequate quality).
Standard & Poor's uses a four-tiered rating system: SP-1+, SP-1, SP-2 and SP-3. Only the first three are considered worth investing in. SP-3 municipal notes are considered speculative.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
municipal note — noun a municipal debt instrument with a maturity of less than 2 years • Hypernyms: ↑note, ↑promissory note, ↑note of hand … Useful english dictionary
municipal note — A note for money borrowed by a municipal corporation, usually payable and issued to a single investor and maturing at a date earlier than a bond issue. 43 Am J1st Pub Sec § 11 … Ballentine's law dictionary
note of hand — noun a promise to pay a specified amount on demand or at a certain time I had to co sign his note at the bank • Syn: ↑note, ↑promissory note • Hypernyms: ↑debt instrument, ↑obligation, ↑certificate of indebtedness … Useful english dictionary
note of protest — A note of the fact of the protest of a negotiable instrument indorsed thereon by a notary at the time of its protest. See memorandum; municipal note; promissory note; public note … Ballentine's law dictionary
Municipal notes — Short term notes issued by municipalities in anticipation of tax receipts, proceeds from a bond issue, or other revenues. The New York Times Financial Glossary * * * Short term US securities, typically out to three years maximum, issued by… … Financial and business terms
municipal notes — short term notes issued by municipalities in anticipation of tax receipts, proceeds from a bond issue, or other revenues. Bloomberg Financial Dictionary * * * Short term US securities, typically out to three years maximum, issued by state and… … Financial and business terms
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