Exact(60)
"Airports have to pay their bonds.
Investors put their bonds up for sale and prices crashed.
And their bonds, like their joint enterprises, are being challenged.
And then the taxpayers have to underwrite their bonds".
However, that doesn't mean their bonds are in trouble.
The banks decide which agencies rate their bonds.
The reason for this was that they were concerned about how & where to keep their bonds.
Those triggers would give holders the right to a premium on their bonds.
Some developing country stock markets were pummeled, and the prices of their bonds fell.
New York and California are the benchmark issuers and their bonds are traded often.
The increased complexity of municipal issuers' financing methods also makes it tough to analyze their bonds.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com