Sims Insights

Will Rating Agencies’ Downgrades of Puerto Rico Become Self-Fulfilling Prophecies?
February 19, 2015

On February 12, Standard & Poor’s downgraded many of Puerto Rico’s tax-backed General Obligation (GO’s) and COFINA (COrporación del Fondo de INterés Apremiante) Sales Tax bond ratings deeper into “junk bond” territory, where many bond ratings already resided.

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PREPA, Oil & Debt Restructuring
February 12, 2015

Falling Oil Prices Lessen Risk of Electric Authority Default, And Are More Significant than the Legal Rejection of Puerto Rico’s “Bankruptcy” Law.

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Atlantic City NJ Under State Oversight
February 05, 2015

New Jersey has protected the creditworthiness of its local units through its emergency manager program, but its most recent appointments for Atlantic City raise questions about future support for distressed cities.

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Municipal Credit Should Improve Again In 2015
January 29, 2015

Municipal credit conditions improved in 2014, and are expected to continue through 2015. There will continue to be headlines about pension funding and Puerto Rico, but this report provides some insight on both situations.

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HJ Sims’ 2015 Outlook
January 21, 2015

As you can see from our review last week of 2014, last year was an excellent one for both the bond market and the senior living industry. The environment is beginning to change for both fields; our 2015 outlook reflects our interpretation of those changes.

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