While Dexia Group has a substantially reduced its footprint in the U.S. municipal market, its lingering financial woes are still a thorn in the side for some bond issues exposed to the troubled Franco-Belgian lender.

Municipal market participants this week are digesting reports that Dexia is in need of a second bailout by France and Belgium and the news that Moody’s Investors Service is considering downgrading the lender.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.