Fitch Ratings said it has downgraded Marion County School Board, Fla.'s $99.5 million certificates of participation to A from A-plus and the implied general obligation rating to A-plus from AA-minus.
Marion Co. School, Fla., GOs Downgraded to A-Plus by Fitch
JAN 28, 2013 12:28pm 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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