Standard & Poor's Ratings Services said it lowered its long-term rating to BBB-minus from BBB on Baxter County, Ark.'s hospital revenue bonds issued for Baxter County Regional Hospital Inc., doing business as Baxter Regional Medical Center.
Baxter Co. Hospital, Ark., Downgraded to BBB-Minus by S&P
DEC 14, 2012 3:13pm 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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