Moody's Investors Service said it has downgraded the College of New Rochelle, N.Y.'s rating to Ba1 from Baa3 on the Series 1999 and 2008 bonds.
Moody's Downgrades College of New Rochelle, N.Y., to Ba1
JAN 23, 2013 10:46am ET
You must be registered to post a comment. Click here to register.
Already registered? Log in here
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
May 1- 2, 2014Hyatt Regency, Baltimore, MD
The Roosevelt Hotel, New York, NY