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Healthcare Reform: Healthy for Munis?
by Joseph Rosenblum of AllianceBernstein, 5/9/17

It’s hard to say how healthcare reform will affect the broad municipal bond market. But any new law with the potential to cause millions to lose insurance would be a bitter pill for hospitals. Investors should tread carefully.

Are Oil-Producing States Still Feeling the Pinch?
by Joseph Rosenblum, Richard Schwam of AllianceBernstein, 7/28/16
It’s been nearly two years since oil prices began their historic collapse. Now that prices have stabilized, how have the hardest-hit areas held up? And what should investors consider when assessing a municipal bond’s oil risk?

Chicago Faces Critical—but Not Insurmountable—Financial Problems
by Joseph Rosenblum of AllianceBernstein, 5/18/15
Chicago’s decades of poor financial decision making will come to a head as Mayor Rahm Emanuel starts his second term today. His battle to enact pension reform and stabilize finances will shape his legacy and Chicago’s future. But it’s hard to envision a successful solution given the extent of the problem.

States Feel Impact of Oil Price Collapse
by Joseph Rosenblum of AllianceBernstein, 3/2/15
Crude oil prices have fallen sharply since last summer, a bright spot for American consumers. Major oil-producing states aren’t as happy, because the loss in tax revenue is impacting budgets and economies. Some states will face real hardship; others will emerge relatively unscathed.

Detroit Reorganizes. The Muni Market Takes Notes.
by Joseph Rosenblum of AllianceBernstein, 2/6/15
Stockton. San Bernardino, California. Jefferson County, Alabama. Over the past few years, municipal bankruptcies (Chapter 9) have captured headlines. Detroit’s case, the largest municipal bankruptcy in history, was recently settled. What have we learned? Here are four key take-aways for muni market investors.

Illinois and California: Similar Challenges, Different Approaches
by Joseph Rosenblum, Neene Jenkins, John Ceffalio of AllianceBernstein, 9/27/13
Every state faces challenges when it comes to balancing the books, but not every state is equally effective at tackling them. The responses of California and Illinois to post-2008 difficulties show how different the approaches can beand how much is at stake.

Detroit Municipal Bonds: Who'll Share the Pain?
by Joseph Rosenblum, Neene Jenkins of AllianceBernstein, 6/11/13
It could be several weeks or a few months. But before long, the city of Detroit is likely to default on some of its outstanding bonds and possibly file for Chapter 9 bankruptcy protection. It would be a historic bankruptcy and is sure to create uncertainty in the municipal bond market. Some types of debt will fare better than others in the final restructuring.
7 results found.