MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Covid-19 And Municipal Credit Quality

johnNjohnN
in The Bullpen
https://seekingalpha.com/article/4329492-covidminus-19-and-municipal-credit-quality

Covid-19 And Municipal Credit Quality
Mar. 04, 2020 11:27 AM ETAFB, BAF, BBF...


Municipal credit quality continued to improve through the third quarter of 2019, per Moody's and S&P, with upgrades still more prevalent than downgrades; and from our observations it seems that trend is persisting.
If the virus follows a SARS or MERS or flu trajectory, the economic dislocation should not last long, and economic conditions would likely rebound, with pent-up demand for certain products and services reversing the slowdown to some extent.
As the virus takes hold in the US, federal and state aid to municipal health providers would also be expected to improve preparedness around the country and could help soften the blow to rainy day funds
Sign In or Register to comment.