Standard & Poor's Ratings Services said it raised its long-term and underlying rating on Littlefield, Texas' general obligation debt from B to BB.
Littlefield, Texas, GOs Raised to BB by S&P
FEB 25, 2013 1:29pm 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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