Harrisburg woes spark fears of muni crisis
Harrisburg woes spark fears of muni crisis
Harrisburg, the state capital of Pennsylvania, narrowly avoided default on two general obligation municipal bonds in September, requiring a state aid package to meet its debt payments. The incident has prompted concerns over the creditworthiness of issuers across the US and speculation over the increased likelihood of a muni crisis
On September 1, Harrisburg announced it would be unable to meet a $3.29 million municipal bond payment due on September 15. Default looked likely until September 12
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Structured products
7 days in 60 seconds
Bank capital, margining and the return of FX
The week on Risk.net, December 12–18
Receive this by email