The state’s credit is in “excellent shape, and absent the recall, we think worthy of tight spreads,” wrote John Ceffalio and Patrick Luby, municipal analysts at CreditSights in a report…
“LIPA has been one of the better performing New York credits this year,” said John Ceffalio, senior municipal research analyst at research firm CreditSights.
“Although current tax-exempt yields do not appear to be compelling to most market participants, we are of the opinion that it is not yields that are attracting investors to munis…
“Although current tax-exempt yields do not appear to be compelling to most market participants, we are of the opinion that it is not yields that are attracting investors to munis…
“We are placing a market outperform recommendation on Santee Cooper’s bonds,” according to a report released Monday by CreditSights. “We see the worst of the authority’s credit troubles behind it.”
The transition should not affect state credit, though, said John Ceffalio, senior research analyst for municipals at CreditSights.
“Within education, college and university borrowing had the largest decline in par amount issued,” said CreditSights senior municipal strategist Patrick Luby. “We believe that part of the driver for that was the…
“PRASA and the Oversight Board wanted to save money for ratepayers and to demonstrate they could access the muni market at relatively normal rates,” said John Ceffalio, CreditSights senior municipals analyst. “I…
CreditSights Senior Municipals Analyst John Ceffalio said, “It is encouraging to see Puerto Rico’s strong FY2021 revenues. This largely reflects an economic boost from federal aid. First, from federal COVID-related stimulus…
“We reiterate our market underperform on New York City’s General Obligation bonds (Aa2/AA/AA-) because current tight spreads are not sufficient compensation for risks to the city’s economic recovery,” according to…