Moody's Investors Service said it has removed from review and upgraded to Baa1 from Baa2 the North Texas Municipal Water District, Texas's Parker Creek Wastewater Interceptor System revenue bonds, Series 2003 reflecting a stabilization of the credit profile of the largest participant.
Moody's Upgrades North Texas Municipal Water Parker Creek to Baa1
JAN 18, 2013 2:40pm 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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