Standard & Poor's Ratings Services said it has lowered its rating on Utah Associated Municipal Power Systems' (UAMPS) Central-St. George transmission project bonds to A-minus from A-plus.
Utah Muni Power Systems' Central-St. George Bonds Cut to A-Minus by S&P
JAN 18, 2013 11:46am 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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