Moody's Investors Service has put 11 triple-A rated municipal credits, including one state, one major city and two state housing authority programs, on negative watch following a new analysis of issuers with indirect links to the federal government.
Budget & Finance
Moody's Moves 11 AAA Credits to Negative Watch
FEB 6, 2013 11:14am 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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