Tag Archives: municipal credit

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SCOTUS

Author: David R. Kotok, Post Date: October 1, 2018
Market Commentary - Cumberland Advisors - SCOTUS

Readers are invited to check out the background of this case scheduled for SCOTUS at the end of this month: https://en.wikipedia.org/wiki/Gamble_v._United_States. Here is the Wikipedia summary: “Gamble v. United States is a pending United States Supreme Court case about the separate sovereignty exception to the Double Jeopardy Clause of the Fifth Amendment to the United States […]

Q3 2018 Municipal Credit Commentary

Author: Patricia Healy, CFA, Post Date: September 28, 2018
Market Commentary - Cumberland Advisors - Q3 2018 Municipal Credit Commentary

Updates, budgets, potential future stresses, state ratings, default study, and last but not least, storms Last quarter we focused our 2Q 2018 municipal credit commentary on two SCOTUS (Supreme Court of the United States) rulings. One allows states to collect tax on out-of-state internet sales while the other restricts public unions from requiring that non-union […]

More on Muni Credit

Author: David R. Kotok, Post Date: April 3, 2018
Cumberland Advisors Market Commentary by David Kotok

My colleague Patty Healy discussed the muni sector’s credit scoring and status in her recent quarterly commentary. See http://www.cumber.com/q1-2018-municipal-credit/. Readers who missed her missive may want to take a look at it, as it recites lots of evidence of upgrades and downgrades in municipal credit and why they happened. Patty is an expert on municipal credit. Let […]

Q1 2018 Municipal Credit

Author: Patricia Healy, CFA, Post Date: March 30, 2018
Cumberland Advisors Market Commentary by Patricia Healy, CFA

Ratings, Teachers’ Strikes, Pensions, Higher Education During the quarter, Moody’s and S&P reported that upgrades of municipal bonds continued to dominate downgrades in 2017. For S&P it was the sixth year in a row, with California leading the way in the number of upgraded issuers, followed by Florida and Texas. For Moody’s it was the […]