The Public Purse offers you serious thinking about economic, financial and political trends at the U.S. state and local level with a focus on municipal credit risk
TAG | bond insurance
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Insured, but non-rated municipal bonds
3 Comments | Posted by Natalie Cohen in bond insurance
In the aftermath of the bond insurance meltdown investors found that many of their holdings did not have an underlying rating. Most are small borrowings and in smaller, lower profile communities across the U.S. landscape. Among them are some gems that are navigating the difficult waters of the great recession. However, there are also some [...]
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Download Report: Avery Ranch Road District No.1, Texas
0 Comments | Posted by Natalie Cohen in reports
Insured 2007 bonds were sold to finance road construction for the Avery Ranch master planned community north of Austin, Texas. Download the report.
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Download report: Bend Metro Park and Recreation District, Oregon
0 Comments | Posted by Natalie Cohen in reports
A sample report on this district’s fiscal condition, 2005 bonds insured by AMBAC, no underlying rating, is available for your review.