Moody's Investors Service said it has upgraded to Caa1 from Caa2 the rating on the tuition revenue bonds of Birmingham-Southern College, Ala., issued through the private education building authority of the city of Birmingham.
Birmingham-Southern College, Ala., Upgraded to Caa1 by Moody's
FEB 19, 2013 8:05am 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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May 1- 2, 2014Hyatt Regency, Baltimore, MD
The Roosevelt Hotel, New York, NY