Senior Housing Leads Wave of Municipal Bond Defaults With 27 This Year
Municipal bond defaults are climbing in 2021 — and the senior housing sector is at the top of the pile, according to an Oct. 6 analysis from market research firm Municipal Market Analytics.
For the full year of 2021, the firm has so far recorded 47 first-time payment defaults, representing about $2.4 billion in credit. More than half (27) of the defaults were linked to senior housing communities, which is listed as a “risky” sector for credit along with hospitals, student housing, jails and higher education.