Wall Street Journal
Popular in Wisconsin: Cheese, the Packers and...Risky Bonds
The agency’s bonds have been the subject of 10 of the 105 reports of impairment in the municipal market so far this year, according to research firm Municipal Market Analytics, by far the highest of any issuer.
“The PFA is producing some of the riskiest debt in the municipal market,” said MMA partner Matt Fabian. Impairments can range from having to rely on reserves to default.