The high-yield muni fund's collapse in 2025 showed the dangers of investing in a market where liquidity is famously limited.
The incoming Bond Buyer Hall of Famer helped drive stronger disclosure, pioneer electronic credit research and broaden the information analysts use to assess risk.
The failure of California's recent wildfire liability legislation leaves investor-owned utilities like PG&E and SoCal Edison exposed to continued financial risk and potential ratings downgrades.
KBRA approves of New Jersey's pension progress and budget management.
Chicago's projected FY2027 was down $283.9 million from the $1.2 billion estimate in last year's budget forecast.
The market is striking a better tone as investors are less worried about rate hikes, NewSquare Capital portfolio manager Kim Olsan said.
