"Bond Girl" on Chicago and the Quality of Credit Analysis in the Municipal Bond Market
MishTalk
MAY 28, 2015
On May 13, Moody's shocked the municipal bond market by downgrading Chicago to junk. Kristi Culpepper, AKA "Bond Girl" comments on the event in What Chicago’s Fiscal Emergency says about the Quality of Credit Analysis in the Municipal Bond Market. Rating actions tend to lag the market rather than lead it. of revenue.
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