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I've been looking at the Moody's reports for some prospective bond purchases and they state that for the company in question, Moody's placed the company's long-term and short-term ratings on review for downgrade on February 15, 2012. Anyone familiar with how long this review process lasts? My assumption is that it's better for me to delay my purchase until the downgrade comes. At that point, the prices of the bonds in question may take a hit, jolting yields a bit upward. Patience may provide opportunity....
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