U.S. Downgrade and Munis
Here, youll find ongoing coverage about how the fallout from the downgrade of the U.S. continues to affect the municipal market.
City Angry Over DowngradesBy Randall Jensen | Aug 17
SAN FRANCISCO - Los Angeles has dropped Standard & Poor's from rating its $7 billion investment portfolio after the agency downgraded it along with the United States last week. [Free]
U.S. DowngradeBy Patrick McGee | Aug 11
Higher borrowing costs for state and local governments as a result of the sovereign downgrade? Hardly. Or at least: not yet.
Treasury Exposure A Huge RoadblockBy Taylor Riggs | Aug 11
The municipal bond insurance world will not be directly affected by the U.S. Treasury downgrade, according to municipal analysts. However, the likelihood of the bond insurers regaining their AAA status when the U.S. does not hold that title anymore is very slim. [Free]
Mixed Emotions Abound in MarketBy Christine Albano | Aug 10
Calm, yet cautious. Skeptical and apprehensive. Unfazed. Those are the mixed emotions that both retail and institutional investors have amid all the speculation and uncertainty swirling through the municipal market following last week's unprecedented downgrade of the U.S. by Standard & Poor's. [Free]By Patrick McGee | Aug 10
When Moody's Investors Service warned of a possible downgrade to the United States' sovereign credit last month, it said hundreds of triple-A muni credits ¯ including five of the 15 states it rates Aaa ¯ could likely follow.
MSRB Warns Dealers on PricingBy Joan Quigley | Aug 09
WASHINGTON - If dealers take advantage of disruption in the financial markets to manipulate prices of municipal securities, they will be violating federal law, the Municipal Securities Rulemaking Board warned Monday.
Speculation on Impact AboundsBy Patrick McGee | Aug 09
Nobody knows exactly what the long-term impact of the United States losing its AAA rating from Standard & Poor's means for municipal bonds, but that didnt stop the experts from speculating. [Free]By Patrick Temple-West | Aug 09
Standard & Poor's began downgrading municipal bonds Monday, giving market participants a sense of the broad impact its downgrade of U.S. debt will likely have on the muni market. [Free]By Gavin Murphy | Aug 09
Standard & Poor's on Monday began cutting ratings for municipal bonds directly linked to the U.S. governments credit rating.By Gavin Murphy | Aug 06
The downgrade of the U.S. by Standard & Poor's to AA-plus from AAA will reverberate through the municipal bond market.
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY