Moody's Investors Service said it has upgraded to Aa3 from A1 the rating on the town of Webb, N.Y.'s $2.6 million in outstanding general obligation debt.
Webb, N.Y., GOs Upgraded to Aa3 by Moody's
FEB 1, 2013 1:32pm 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
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The Roosevelt Hotel, New York, NY