Moody's Investors Service said it has downgraded to A1 from Aa3 the rating on Lac du Flambeau School District 1, Wis.'s outstanding general obligation debt.
Lac du Flambeau SD 1, Wis., Downgraded to A1 by Moody's
JAN 9, 2013 10:15am 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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