A lack of standards from regulators and ratings agencies leaves municipal credit analysts "on their own" when it comes to evaluating climate-related risks.
As issuers push against a financial disclosure bill pending in the Senate, some buy-siders say standardized disclosure would attract more investors and boost liquidity.
The Governmental Accounting Standards Board has appointed a new task force to help GASB deal with going concern uncertainties and severe financial stress disclosures.
The Volcker Alliance looks at the state’s outstanding municipal bonds and $83 billion in other obligations and suggests improved transparency and oversight.
Following a thorough analysis of available EMMA filings, it is clear that PFA-financed projects account for less than 3% of the 700 plus total unique payment defaults posted to EMMA during the last three years.