With expansion of an international toll bridge in Eagle Pass, Texas, expected to begin in April, Moody's Investors Service affirmed its Baa1 rating on the system's senior lien revenue bonds.
Moody's Rating Holds Up Amid Eagle Pass Bridge Expansion
DEC 26, 2012 3:56pm 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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