According to this new report from Moody's Investor Services, century bonds can provide near-term operating flexibility by pushing out debt repayment costs, but in the long-term increase overall debt costs and weaken other debt metrics.
Century Bonds Create Opportunities and Challenges for US Public Infrastructure Issuers
According to this new report from Moody's Investor Services, century bonds can provide near-term operating flexibility by pushing out debt repayment costs, but in the long-term increase overall debt costs and weaken other debt metrics.
October 8, 2014
