Standard & Poor's Ratings Services said it raised its long-term rating, school issuer credit rating and underlying rating to AA-minus from A-plus on Northwestern Lehigh School District, Pa.'s general obligation bonds.
Northwestern Lehigh SD, Pa., GOs Raised to AA-Minus by S&P
JAN 10, 2013 2:34pm 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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