MBIA and Ambac retained an investment grade rating of “Baa1” despite recent downgrades by Moody’s Investors Service. The downgrades came in response to a...
Muni Bonds News and Perspectives
Below are bond market commentaries, strategies and analyses written by our municipal bond specialists. They are listed by date.
If you have any questions, please call us at 1-800-FMS-BOND (1-800-367-2663) or e-mail us.
CIFG-Insured Bonds to be Upgraded With Takeover
Bonds carrying CIFG insurance appear headed for an upgrade to “AAA.” Assured Guaranty, one of the remaining “AAA”-rated bond insurers, announced it has...
Most Issuers Expected to Cope Well in Uncertain Times
Despite upheaval in the financial markets, most state and local governments are expected to meet their debt service obligations and continue to have a low...
Barron’s, Others Note Unusual Value in Munis
We’ve been saying for months that municipal bonds are trading at historically low prices and extraordinary yields. Others are taking notice, too. In its...
What Mark to Market Means to You
What is “mark to market” accounting? Why is everyone talking about it? Why does Congress want to eliminate it? What does it have to do with my municipal bond...
Main Street Gas Bonds and Lehman Bankruptcy
The Main Street Natural Gas, Inc. (“Main Street”) Gas Project Revenue Bonds, Series 2008A, which were “investment grade” rated when purchased, appear subject...
The Bond Buyer: S&P Drops Rating on Main Street Gas Bonds
Standard & Poor’s dropped its rating on Main Street Natural Gas Inc. Series 2008A project gas revenue bonds to default level, The Bond Buyer reported. The...
Moody’s to Upgrade Munis
Moody’s Investors Service will significantly upgrade municipal bond ratings across all sectors and rating categories. The upgrades are a result of Moody’s...
Main Street Gas Bondholders Take Action
In reaction to the bankruptcy of Lehman Brothers Holdings, Inc. (LBHI), institutional holders of the Series 2008A bonds issued by Main Street Gas are forming...
Main Street Gas Bonds Downgraded in Wake of Lehman Bankruptcy
Standard & Poor’s has lowered the rating on Main Street Gas pre-pay bonds, series 2008A to "CCC-" from "A". The downgrade results from Lehman Brothers...
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