Fresno, after much of its debt was downgraded to junk by Moody's, is facing cash flow problems that will likely lead to more layoffs and service cuts.
Fresno in a Tight Spot
JAN 31, 2013 4:18pm 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