Sims Insights

Puerto Rico Restructuring Rumors Abound
April 16, 2014

Rumors are swirling whether the Commonwealth of Puerto Rico is planning for forced debt restructurings, asking investors to have their principal or interest payments reduced or extended.

more

New Jersey Sayeth: “The Last Shall Be First”
April 10, 2014

Investors who were at the end of the line in terms of being repaid for New Jersey’s 2007 Tobacco bond issue are benefiting from this biblical proverb.

more

Ratings Management
April 08, 2014

If your organization has a bond rating from one or more of the three major bond rating agencies (Moody’s, S&P, and Fitch Ratings), you know how important they are to your cost of capital.

more

S.S. Puerto Rico Avoids Iceberg
March 13, 2014

In late October, a hedge fund manager not worth naming proclaimed on the air that Puerto Rico bonds weren’t worth more than 10 cents on the dollar. While I considered the remark as ridiculous, we all know, 90% of icebergs are hidden underwater.

more

Alzheimer’s Caregiving
February 27, 2014

Best described as the 36-hour day, caring for someone with Alzheimer’s is an intense and all-consuming responsibility that continues well after the sun has gone down.

more