SEC Issues Investor Bulletin to Help Investors Assess Municipal Bond Credit Risk (with Lofchie's Very Tactful Promotional Plug)
The SEC issued an Investor Bulletin to help the purchasers of municipal bonds better assess the bonds' credit risks. The bulletin provides several factors for investors to consider, including: (i) the type of bond, (ii) the purpose and nature of the financing, (iii) the overall financial condition of the issuer, and (iv) the sources of funds to pay both principal and interest.
Lofchie Comment: Cadwalader is sponsoring a conference on distressed municipalities focusing particularly on the City of Detroit. Information on the conference may be found by going to the Cabinet home page and looking under Site Updates.