MuniLand Snaps: February 6, 2012
Kroll Bond Ratings does some good analysis on which types of municipal bonds tend to default:
The largest share consists of industrial revenue bonds, followed by bonds supporting healthcare and then housing. These three sectors accounted for 67% of all defaulting issuers during this period. Special assessment bonds, typically issued to support real estate development, also ranked high among defaults. General obligation bonds, the largest outstanding sector today, contributed the fewest number of defaults.
Investment News: Will credit-rating changes rough up muniland?
Reuters: “Best week in over five years” for muni bond funds as they pull in $1.67 billion
Bloomberg: “Treasury weakness is driving the muni weakness right now”
MSRB: Overseer requests SEC permission to improve muni trade reporting system
AP: Receivership fees for tiny Central Falls, RI are expected to reach $2.26 million by July
Bloomberg: Long Island town paying top cop $500,000 to retire faces fiscal emergency
Kansas City Star: Kansas’ largest insurer declines participation in governor’s Medicaid reform
Today’s the Day Harrisburg: Previewing what should be in Harrisburg’s receiver’s plan
Think Progress: Florida Republican stripped of senate chairmanship for opposing prison privatization scheme
@CapitalTonight Capital Tonight Cuomo keeps referring to changing Albany as “a battle.”