Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating to BBB-plus from BBB on bonds issued by the New Jersey Health Care Facilities Financing Authority for Saint Barnabas Corp., doing business as Barnabas Health.
Saint Barnabas Health, N.J., Rating Raised to BBB-Plus by S&P
NOV 16, 2012 11:32am 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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