Pandemic's impact seen in Texas senior living project defaults
Four Texas defaults reflect a sector that accounts for half of this year's municipal bond defaults, according to Municipal Market Analytics.
Stay updated with breaking news from Bond Defaults. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Four Texas defaults reflect a sector that accounts for half of this year's municipal bond defaults, according to Municipal Market Analytics.
The SEC terminated its latest proceedings against the city after an independent consultant found the city was in "substantial compliance" with a 2014 judgment.
Mamtek US's long-running Chapter 7 bankruptcy is expected to pay out $1.6 million to the trustee for the $39 million defaulted Moberly, Missouri, bond issue.
COVID-19 hit the Lombard, Illinois, Westin hotel and conference center hard, knocking repayment of bonds restructured in a 2018 bankruptcy off track.
China’s dollar bond market is expected to continue seeing defaults – especially in the stressed property sector. Diversification of investment portfolios amid policy uncertainty could be a safer bet, analysts and industry veterans said.