A rating of municipal securities, that uses market factors rather than credit considerations to find appropriate yields.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A ratings service that investigates tax exempt bonds. It rates a bond on a scale of one to 100 according to its liquidity, that is, the ease with which it can be bought and sold. Importantly, unlike other rating services, White's Ratings does not account for the issuer's creditworthiness.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved