Moody's Investors Service has downgraded the rating for the city of Chillicothe, Ohio's outstanding general obligation debt to A1 from Aa3.
Chillicothe, Ohio, Downgraded to A1 by Moody's
FEB 8, 2013 2:49pm 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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