
Municipal Defaults with a Focus on Puerto Rico
Presentation of the annual Municipal Default Study; broad trends post COVID; what developments in Puerto Rico, unrated sectors say about distress and recovery
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Presentation of the annual Municipal Default Study, with a focus on broad developments post COVID, and a closer review of the latest recoveries in Puerto Rico and what they tell us about municipal distress and recovery. Discussion of these issues across unrated public finance sectors
- Why were there so few examples of distress among rated credits during the COVID shutdowns?
- What can we expect going forward?
- How do the still ongoing recoveries in Puerto Rico fit in with previous patterns of distress and recovery
- What about the Puerto Rico experience has been new?
- What can we learn from distress and recovery in the unrated segment of the muni market?
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