Moody's Investors Service said it has assigned an A3 rating to the Plateau Utility District, Tenn.'s $5.6 million waterworks revenue refunding bonds, Series 2012, and upgraded to A3 from Baa1 $4.9 million in previously rated parity debt.
Plateau Utility District, Tenn., Upgraded to A3 by Moody's
NOV 28, 2012 2:43pm 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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