Moody's Investors Service said it assigned a Aa3 rating to University of Wisconsin Hospitals and Clinics Authority's $262.675 million of Series 2013A fixed rate bonds to be issued by UWHCA and upgraded the rating on UWHCA's outstanding rated debt to Aa3 from A1.
University of Wisconsin Hospitals Upgraded to Aa3 by Moody's
FEB 19, 2013 8:09am 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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