Moody's Investors Service has upgraded to A1 from A2 El Camino Hospital's bond rating affecting $186.9 million of outstanding fixed and variable rate demand revenue bonds issued by Santa Clara County Financing Authority, Calif.
El Camino Hospital, Calif., Upgraded to A1 by Moody's
FEB 25, 2013 8:11am 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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