The Wall Street Journal
Analysts Call for Clarity on Municipal Restructurings
On July 12, the National Federation of Municipal Analysts published a white paper encouraging state and local governments to disclose more information to investors in municipal debt. The paper calls on governments to disclose statutory liens that would provide additional protections for holders of municipal debt in the event of a municipal bankruptcy. In an interview with The Wall Street Journal, Jim Spiotto discussed the importance of statutory liens to investors.
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