April 2, 2012
Investment News
Independent analysis needed for munis. Mixed signals from ratings agencies underscore the value of professional credit research.
By Thomas M. Metzold, Portfolio Manager, Eaton Vance
November 14, 2011
The Wall Street Journal
Cities Hit as Funds from Bonds Pay other Bills
August 9 2011
DWS Investments, Desutsche Bank Group
The downgrade of the U. S. government's credit rating by Standard and Poor's shows why investors shouldn't just blindly buy the munis with the highest ratings. Markets like these remind us why credit research is indispensable.
May 31, 2011 The Bond Buyer
WASHINGTON — Financial reporting delays by state and local governments significantly compromise the usefulness of the information to users, including financial analysts, according to a recent report by the Governmental Accounting Standards Board.
April 15, 2011
Municipal Bond Worries Spur OCC Scrutiny of Banks’ Exposure
“What we’re going to ask our examiners to ask our banks…do you know what you’re holding? – and - Independent analysis beyond agency ratings is something banks should already be doing.” Said Keri Corn, the OCC’s Director for market risk policy. The OCC push comes from new edicts in the Dodd-Frank reform legislation that no longer permit banks and other securities holders to solely depend on credit-agency ratings to measure risk of assets.
By Glen Fest The Bond Buyer
CUSTOMISED INVESTOR ORIENTED PRIVATE MUNICIPAL CREDIT RESEARCH AND ANALYSIS
