Municipal Default Experience Throughout the Pandemic

Municipal Default Experience Throughout the Pandemic

The municipal bond sector has demonstrated considerable resilience throughout the pandemic. Among rated municipal issuers, Moody's recorded just 2 defaults during 2020. Delinquencies and debt service reserve fund draws have been more common in the vast universe of unrated municipal bonds, helping to shine light on risks in certain riskier sectors

  • Overview of defaults and material credit events for municipal bonds during the pandemic
  • Sector-by-sector overview of how borrowers responded to the crisis
  • What most commonly drives default risk for unrated municipal bonds?


share