Moody's Investors Service said it has downgraded the long-term rating on Southwestern University, Texas's revenue bonds, Series 2004A and 2004B to A2 from A1.
Southwestern University 2004A, B Downgraded to A2 by Moody's
FEB 22, 2013 10:48am 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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