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Credit quality hot spots in the municipal market

Our BlogVideos Jul 10, 2017
James Dearborn, Head of Municipal Bond Investments and Senior Portfolio Manager

In this review of muni bond trouble spots, James Dearborn notes that the biggest concern in munis right now is pension funding.

Many state and local governments are faced with underfunded pensions. Head of Municipal Bond Investments and Senior Portfolio Manager James Dearborn explains how pension funding issues are making some issuers vulnerable to multiple notch downgrades by credit rating agencies. He also highlights Puerto Rico’s budget situation as a lesson to muni bondholders on the importance of credit research.

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James Dearborn

James Dearborn

Head of Municipal Bond Investments and Senior Portfolio Manager