Municipal disclosure

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.

The MSRB's annual fact book showed that trading volume dipped 14% year over year.

The new committee of volunteers will be tasked with helping shape the future of EMMA.

Walter told The Bond Buyer she has been hearing the same push for transparency since her start at the SEC.

The SEC said that the timeliness of disclosures is a “major challenge” in the secondary market for municipal securities.

NFMA says investors provide access to capital, so the group expects disclosure from issuers in return.

State Comptroller Susana Mendoza released interim numbers because the state's comprehensive annual financial report for fiscal 2019 is unfinished.