Standard & Poor's Ratings Services said it lowered its long-term rating and underlying rating to BBB-minus from BBB on the Pennsylvania Economic Development Financing Authority's $15.59 million series 2000 and $4.63 million series 2002 bonds, issued for Dr. Gertrude A. Barber Center Inc.
Barber Center, Pa., Lowered to BBB-Minus by S&P
DEC 11, 2012 12:55pm 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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