Los Angeles Has Been Hammered by Covid. But Its Muni Bonds Are Holding On. Here's Why.
Order Reprints Text size Roadworks continue, now with a facemask, as some essential jobs have kept segments of the population employed as the stay-at-home orders continue in Los Angeles, California on May 4, 2020, as Governor Gavin Newsom earlier announced the gradual reopening of California later this week. FREDERIC J. BROWN/AFP/Getty Images By Stephen Kleege Los Angeles is suffering what may be the hardest Covid-related health and economic hit of any big city. But the city’s $2.6 billion in municipal bonds outstanding, while hardly thriving, appear in decent shape....
Source: barrons.com