Moody's Investors Service said it has assigned an A2 rating to the village of North Riverside, Ill.'s $7.1 million debt certificates, Series 2013, and downgraded to A2 from A1 the rating on previously issued debt certificates and assigned an A1 issuer rating.
North Riverside, Ill., Ctfs Downgraded to A2 by Moody's
FEB 19, 2013 9:18am 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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