This year, more than 50 municipal-bond issues worth $5 billion have defaulted.
Cash-flush toll road systems can provide a tax-advantaged source of investment income.
About two-thirds of cities reported delaying or canceling infrastructure and capital spending since the pandemic started.
UBS specifically warns about bonds from higher education and health care issuers.
The penalties may not be attractive to cities and states given that the market’s interest rates are back near their lows.
The pandemic-related shutdowns are leaving local governments nationwide facing ballooning deficits.
States and municipalities face an unprecedented fiscal crisis, and they're asking the feds for help.
The wealthiest colleges may face endowment losses and expected declines in fund-raising.
When the coronavirus hit, it shut down many of the projects the star fund manager had financed.
Moody’s Analytics is advising policy makers to expect no less than a 10% hit to their general fund budgets.
Please log back in before proceeding.
There was an error logging in. Please try again.
Congrats! You are now logged in. Your exam is being submitted.
