Fitch Ratings believes a state district court ruling earlier this month that Texas' school finance system is unconstitutional may ultimately result an increased funding and financial flexibility for school districts in the state, strengthening their credit profile.
Fitch: Texas School District Ruling May Affect Funding
FEB 14, 2013 2:14pm 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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