Moody's Investors Service said it has downgraded the rating on Huber Heights City School District, Ohio, general obligation bonds from Aa2 to Aa3, affecting $79.6 million of outstanding general obligation debt.
Huber Heights CSD, Ohio, Downgraded to Aa2 by Moodys
NOV 16, 2012 7:08am 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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