LAS VEGAS — Municipal bond issuers now may be more open to declaring bankruptcy and defaulting on loan payments, panelists said at the National Federation of Municipal Analysts annual meeting here Thursday.

“I get the feeling the market is a little more forgiving now. I’m not sure the stigma [attached to bankruptcies and defaults] is quite as bad” as it was, said Richard Larkin, director of credit analysis at Herbert J. Sims & Co.

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