Standard & Poor's Ratings Services said it raised its rating on the North Fort Bend Water Authority, Texas' water system revenue bonds by two notches, to A-plus.
North Fort Bend Water Authority, Texas, Upgraded to A-Plus by S&P
DEC 31, 2012 7:18am 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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