Image by Â©iStock.com/nicoolay. Marijuanaâalso called weed, herb, pot, grass, bud, ganja, Mary Jane, and a vast number of other slang termsâis a greenish-gray mixture of the dried, shredded leaves and flowers of Cannabis sativa, the hemp plant.
Municipal Bond Ratings. What is a Bond Rating. A bond rating performs the isolated function of credit risk evaluation. A bond rating does not constitute a recommendation to invest in a bond and does not take into consideration the risk preference of the investor. While many factors go into the investment decision making process, the bond rating is often the single most important factor affecting the interest cost on bonds.
The average rating of the 20 bonds is roughly equivalent to Moodyâs Investors Serviceâs (Moodyâs) âAa2â rating and Standard & Poorâs (S&P) âAA.â The index provides an estimate of the yield that would be offered on 20-year general obligation bonds. The index has been calculated weekly since 1946.EPTEMBER 2012 | MuniciPal Market indiceS, Yield curveS and BenchMarkS PAGE 4 MuniciPal SecuritieS ruleMaking Board The Municipal Bond Index levels are reported four ways: The index value, quoted in points and thirty-seconds, is derived from the average price of the components, adjusted to a standard six percent coupon.