|Event Date||Thu Jul 15 EDT (3 months ago)|
Delinquencies and reserve fund draws are far more common for unrated municipal bonds than for bonds rated by Moody's. Because defaults on rated bonds are so rare, we can identify credit trends and draw certain conclusions about what drives default risk by examining credit events in the enormous and fractured world of unrated municipal bonds, including the local government special financings and senior living facilities that represent a large percentage of such events.
• Overview of material credit events for unrated municipal bonds
• Conclusions about which sectors exhibit a high degree of risk
• Municipal credit throughout the pandemic
• What most commonly drives default risk for unrated municipal bonds?
• Potential inferences about risk for rated municipal bonds
Senior Vice President, US Public Finance, Moody's Investors Service
Vice President - Senior Analyst, Moody's Investors Service
Senior Vice President and Group Credit Officer, Moody's Investors Service