With the passage of tax reform in late 2017, refinancing opportunities for municipal borrowers took a significant hit due to the elimination of tax-exempt advance refundings
Most of the S&P, Moody’s, and Fitch-rated colleges and universities that are included in the FY2018 median reports fall within the ‘AA’ and ‘A’ rated categories
The objective of this update is to provide insight into key municipal market developments that have occurred since the start of 2019
Public-Private Partnerships (P3s) in higher education continue to grow across several dimensions, including services/assets where the P3 approach is applied and evolution of different payment models
Rule 15c2-12 requires underwriters of municipal securities to determine that issuers and obligated persons have entered into an agreement to provide continuing disclosure information to the MSRB on an ongoing basis
Fallback language in new and existing LIBOR contracts is a primary concern and dilemma that both the ARRC and ISDA began to address last year and plan to provide official guidance for in the coming months
