Fitch Ratings downgraded to A from A-plus $7.2 million of Lomita, Calif.'s water revenue bonds Thursday and gave the debt a negative outlook.
Lomita, Calif. Gets Downgrade, Negative Outlook
JAN 31, 2013 4:32pm 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.
the bond buyer conferences
May 1- 2, 2014Hyatt Regency, Baltimore, MD
The Roosevelt Hotel, New York, NY