Moody's Investors Service has downgraded to A2 from A1 the general obligation rating for the city of Wadena, Minn.'s rated debt.
Wadena, Minn., Downgraded to A2 by Moody's
FEB 6, 2013 12:54pm 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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