Municipal disclosure

In a weekly COVID-19 disclosure report released Tuesday, included among the hundreds of disclosures were two unscheduled draws on debt service reserves.

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

Issuers say Clayton’s comments on corporate disclosure from earlier this month can be applied to municipal disclosure.

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.

The site will provide a single location for investors to access its financial and operating data.

A disclosure filed with the MSRB said two rehabilitation and nursing facilities in Massachusetts were unable to make a scheduled payment due to the coronavirus pandemic.

Tom Kozlik from Hilltop Securities explores the effects of Washington variables such as political risk on states and localities. He also discusses rating agencies and muni disclosure. Paul Burton hosts.

One of the nation’s largest transportation borrowers issued its first bond disclosure about the fiscal impacts from the COVID-19 pandemic.

Due to the coronavirus, a plant in Indiana may not be able to make its bond payments.

Stay-at-home orders and school closures driven by COVID-19 have cut traffic in half or more on many toll roads and bridges.

While some types of revenue bonds may be less adversely affected than other types of revenue bonds, the entire market could see significant stress as the pandemic continues.

So far there have been over 200 COVID-19-related disclosures, according to Diver by Lumesis, a financial technology company.

The group is charged with advising MSRB board members on ways to improve EMMA.

Disclosure in a series of pending and recently priced Midwest healthcare deals underscore the rapidly evolving impact of COVID-19.

The SEC answered questions regarding COVID-19 disclosure in a webinar Thursday and said there would not be relief for issuers' late annual financial filings.

The commonwealth plans a $268 million GO sale two days after Gov. Charlie Baker declared a state of emergency.

Richard Li, a pubic debt specialist for the city of Milwaukee, compared disclosing COVID-19 to disclosing a hurricane hitting localities on the Atlantic coast.

But EMMA will ultimately have to drill into disclosures to provide full transparency

The Metropolitan Pier and Exposition Authority updated its latest offering statement to warn of the risk posed to its bottom line as did two systems with upcoming deals.

Sources say action on the SEC's proposed exemptive order has slowed, though it could garner attention at next week's conference.