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The announcement comes at a pivotal time for the municipal market as the SEC released a statement earlier this month detailing the kinds of coronavirus disclosures municipalities should be making.May 22
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The MSRB also said more municipalities have begun referencing CARES Act loans in their disclosures.May 19
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It is feasible that not all COVID-19 filings are or will be material but one may want to err on the side of caution in this regard.May 12
chief executive officerLumesis Inc.
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More issuers are missing bond payments and deadlines for filing annual financials; the Roman Catholic Church of the Archdiocese of New Orleans filed for bankruptcy partially blaming COVID-19, affecting $41 million of bonds.May 12
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Mark Kim, MSRB chief operating officer, predicted even more disclosures in the near future.May 5
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The SEC encouraged issuers to provide investors with forward-looking information as to how the pandemic will affect future finances.May 5
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In a weekly COVID-19 disclosure report released Tuesday, included among the hundreds of disclosures were two unscheduled draws on debt service reserves.April 28
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The historic nature of how ratings for municipal issuers play out in times of severe volatility is under scrutiny from various market participants.April 23
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Issuers say Clayton’s comments on corporate disclosure from earlier this month can be applied to municipal disclosure.April 23
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Debt restructuring options as the transit agency navigates through the coronavirus crisis include refundings for savings or to push out debt, according to Robert Foran.April 23
