Moody's Investors Service said it has downgraded to A3 from A2 the rating on the outstanding Southern California Public Power Authority's $101.8 million San Juan Project revenue bonds.
Moody's Downgrades to A3 Southern California PPA San Juan Coal Revenue Bonds
DEC 4, 2012 2:18pm ET
You must be registered to post a comment. Click here to register.
Already registered? Log in here
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.
the bond buyer conferences
May 1- 2, 2014Hyatt Regency, Baltimore, MD
The Roosevelt Hotel, New York, NY