In a report, Moody's Investors Service outlined the risks associated with bank support agreements to which some municipal issuers are exposed.
Moody's Outlines Risks for Bank Liquidity Support Financings
FEB 13, 2013 1:50pm 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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