Moody's Investors Service cut Fresno, Calif.'s sewer revenue bonds one notch to A1 from Aa3 because of the city's financial problems.
Fresno Sewer Bonds Cut to A1 By Moody's
DEC 11, 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.
the bond buyer conferences
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The Roosevelt Hotel, New York, NY