Morningstar Inc. entered the analyst research sector for public finance Monday as it unveiled its fundamental municipal research offering.
The research will focus on 100 municipal issuers and reports for about one million muni bonds. With the launch, the financial markets research, analysis, data and ratings firm delivers the last piece of its fixed-income coverage. Morningstar is packaging it for registered reps, the advisor to the investor. But the customer list should grow, said Jeff Westergaard, the firm’s head of municipal analytics.