Moody's Investors Service said it has upgraded the issuer rating of Ventura County, Calif., to Aa1 from Aa2 and has confirmed the Aa3 ratings on the county's outstanding lease supported obligations totaling approximately $93.7 million, including the 2009 certificates of participation and the 2003 certificates of participation (Public Financing Authority...
Ventura County, Calif., Upgraded to Aa1 by Moody's
FEB 5, 2013 7:22am 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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