Standard & Poor's Ratings Services said it raised its rating on the town of Mammoth Lakes, Calif.'s certificates of participation to BB-plus from C.
Mammoth Lakes, Calif., COPs Raised to BB-Plus by S&P
DEC 20, 2012 11:51am 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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