Moody's Investors Service has downgraded to A2 from A1 the city of Natchez, Miss.'s general obligation rating, affecting $3 million of outstanding Moody's-rated debt.
Natchez, Miss., Downgraded to A2 by Moody's
FEB 20, 2013 9:43am 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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