Nevada, Wyoming, and Texas received high marks in a Morningstar report on how state permanent fund programs affect the fundamental credit analysis of individual bonds.

The permanent fund programs offered by state governments to municipalities are one of four types of state credit enhancement programs that act as debt assurance programs.

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.