Muni Think

Even though it is quite convenient to view events in Puerto Rico through the prism of a one-off, it is true that the Commonwealth and its agencies, authorities, and localities have been and continue to be part of this municipal market that we work in and invest in every day.

Increasing military funding at the expense of domestic programs is likely to have a profound impact on our sovereign nation.

Issuers need to take steps to ensure their new issue disclosures are correct and that their filings are timely, accurate and comprehensive.

The advantages of the private partnership structure in today’s municipal market.

Puerto Rico urgently needs a central digital structure to save millions of dollars in processes and services.

Bankruptcies and defaults have taught the market that General Obligation bonds, once the bedrock credits, aren't all the same.

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.

Instead of obsessing over negative arbitrage, use refunding efficiency as your signal to transact.

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.

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?