Author: Karen Bigelow
New York Poised To Ban Cigarette Sales; Tobacco Bonds In Jeopardy
March 28, 2020 – Based on two separate articles published today and on March 27, the Buffalo Chronicle reported that…
Moody’s: Coronavirus Clouds Global Growth Outlook. Conditions Could Worsen If Virus Not Contained in Q1.
February 18, 2020 – In a report issued this week, Moody’s Investor Service opined that the coronavirus outbreak is likely…
Moody’s: SCOTUS Refusal to Review Puerto Rico HTA Decision is Credit Negative For Utilities and Special Revenue Bonds
January 22, 2020 – In a report released today, Moody’s summarized the U.S. Supreme Court’s (“SCOTUS”) decision not to review…
Citi Forecasts 1% 10Y MMD. Buyers’ Regret For Issuers Biting Taxable Refunding Apple?
December 17, 2019 – After many years of analysts forecasting higher interest rates, Wall Street firms are taking a contrarian…
S&P Cuts Tobacco Bond Ratings
October 25, 2019 – S&P Global Ratings downgraded 67 tobacco bond CUSIPs yesterday, citing weak cigarette sales and declining credit…
Should Issuers Execute Taxable Advance Refundings?
September 6, 2019 – With 10 and 30 year Treasuries hovering near historic lows, at 1.54% and 2.02% respectively, public…
How Low Interest Rates Could Wreck State/Local Budgets and Hurt Credit Quality
The past week was a bumper week in munis, with nearly $14 billion in new issuance. It was also one…
Citigroup: 76% of Municipal Market “Screens Well” for ESG Investors
July 26, 2019 – In a report issued this week, Citigroup analysts said about $2.9 trillion of currently outstanding municipal…
Moody’s Is Skeptical About Economic Development Programs – “Hurt Government Credit Quality”
July 10, 2019 – In a report issued today, Moody’s Investor Service expressed concerns on economic development and/or job incentive…
An Easy Fix for Climate Change: Restore Forested Lands
July 5, 2019 – Bloomberg’s Eric Roston reported that United Nations and European scientists have hypothesized that a mass restoration…
