For All the Hype, Chapter 9 Filings Will Likely Stay Rare - Bond Buy...

08/29/11

For All the Hype, Chapter 9 Filings Will Likely Stay Rare
Bond Buyer
Notwithstanding this effect, the protections accorded to a special revenue bondholder under Chapter 9 mitigate certain risks posed by a municipal bankruptcy filing. Default rates on municipal bonds historically have been significantly lower than ...

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