Kroll Bond Rating Agency

The transit authority, reeling from the effects of the coronavirus, takes another hit from Wall Street.

The COVID-19 pandemic is helping the bond insurance industry grow, a report from Kroll says.

Cheng, a six-year veteran of the rating agency, will be a senior vice president of Citi's Institutional Clients Group.

The historic nature of how ratings for municipal issuers play out in times of severe volatility is under scrutiny from various market participants.

Unprecedented historic times require use of all collective knowledge. Van Hesser, chief strategist, and William Cox, senior managing director of corporate and government ratings at Kroll, maintain the mission of a rating agency does not change at times like this. However, there is a continuous effort to raise the bar on all they do. John Hallacy hosts.

The Center for Retirement Research said the situation is worth monitoring closely because optimistic return expectations could yield required contributions that are ultimately inadequate to meet benefit obligations.

The goal of a rating agency is to facilitate commerce and to protect investors, according to Kroll Bond Rating Agency’s CEO James Nadler. He and managing director William Cox also discuss the effort to foster a healthy dialogue with investors. John Hallacy is host.

The county will sell $150 million of sales tax-backed paper, already rated AAA by S&P.

A state official cited the need to have special tax obligation bonds rated "on the bonds' own merits," distinct from the state's GOs.

Strong legal and structural protections earned the debt top grades from Kroll and Fitch. S&P wasn't as bullish.