The Ramapo, N.Y., case highlights the importance of outside scrutiny of municipalities’ revenue generation - and other indicators of fiscal health - early and often in the life cycle of a bond issuance.
When Congress passed the PROMESA last summer, it created a roadmap to address the island’s $70 billion debt crisis and revitalize its economy. The impact of the law now bears watching for millions of Americans living in debt-ridden municipalities and states.
Managing Director and head of infrastructure finance, AmericasING
Demand for new roads, railways and water systems has never been greater, but government investment in public infrastructure is constrained by economic and budgetary restrictions. Are public-private partnerships the solution?
Michigan, New York, Texas and New Jersey were among the big economies that showed the sharpest declines in our score of overall economic health last month. We also take a closer look at housing prices.