Moody's Investors Service said it has downgraded to Aa3 from Aa2 the rating on Clackamas County School District No. 62 (Oregon City), Ore.'s unlimited tax general obligation bonds outstanding.
Clackamas Co. SD 62, Ore., GOs Downgraded to Aa3 by Moody's
JAN 16, 2013 12:03pm 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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