Moody's Investors Service said it has downgraded St. Clair County School District #189 (East St. Louis), Ill.'s general obligation rating to Ba1 from Baa1.
St. Clair County School District 189 Downgraded to Ba1 by Moody's
FEB 28, 2013 2:54pm 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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