Despite the slow pace of the economic recovery, Massachusetts local governments continue to maintain their strong credit quality, says Moody's Investors Service in a report.
Moody's: Massachusetts Local Governments Stay Strong, Challenges Remain
JAN 7, 2013 10:58am 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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