Moody's Investors Service has downgraded to A3 from A2 the outstanding rating on the city of Jasper, Texas's general obligation limited tax debt.
Jasper, Texas, Downgraded to A3 by Moody's
NOV 14, 2012 7:26am ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
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