Standard & Poor's Ratings Services said it lowered its underlying rating to A from A-plus on McLean County Community Unit School District No. 7 (Lexington), Ill.'s previously issued general obligation debt.
McLean Co. CUSD 7 (Lexington), Ill., GOs Lowered to A by S&P
FEB 14, 2013 2:18pm 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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