Tag Archives: Credit Quality

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Cumberland Advisors Market Commentary – Wildfires Out West

Author: Patricia Healy, CFA, Post Date: October 8, 2020
Patricia Healy, CFA

On Sunday, Bloomberg reported that this year’s California fires had scorched more ground than the last three years of fires combined. Higher temperatures and greater winds have contributed to the spread. Year-to-date, the California fires have covered 4 million acres in 8,200 fires throughout the state. Some 8,400 homes and buildings have been lost, and […]

Cumberland Advisors Market Commentary – Why States Are Not Going to Default from the Coronavirus Fallout

Author: Patricia Healy, CFA, Post Date: March 27, 2020
Market Commentary - Cumberland Advisors - Why States Are Not Going to Default from the Coronavirus Fallout

In our opinion this is a short-term shock, although it will likely change some behaviors for the long term that will need to be monitored. The initial concern is liquidity, not just in the bond market but also at the state level, where tax payment dates have been extended and economically sensitive revenues such as […]

Bloomberg Markets: The Close Full Show with David R. Kotok March 25th, 2020 (Video)

Author: , Post Date: March 26, 2020
Bloomberg-Markets-The-Close-Full-Show-David-Kotok-March-25-2020

Bloomberg Markets: The Close Full Show with David R. Kotok March 25th, 2020 Scarlet Fu and Romaine Bostick bring you the latest news and analysis leading up to the final minutes and seconds before the closing bell on Wall Street and tackle the market volatility from coronavirus fears, the impact of different industries and the […]

Cumberland Advisors Market Commentary – 4Q 2019 Credit Commentary

Author: Patricia Healy, CFA, Post Date: December 30, 2019
Market Commentary - Cumberland Advisors - Q4 2019 Municipal Credit Commentary

Pensions, budgets, state ratings, climate adaptation, cybersecurity, and investing   This fourth-quarter commentary continues discussion on key themes of the year. Many of the themes are long-term in nature and reveal the need for governments and businesses to continue to evolve. Pensions, cybersecurity, climate resiliency, evolving demographic changes, and a globalized world as well as […]

State credits stable in 2020 outlook

Author: , Post Date: December 6, 2019
Cumberland-Advisors-Patricia-Healy-In-The-News

Excerpt from… The Bond Buyer State credits stable in 2020 outlook https://www.bondbuyer.com/news/state-credits-stable-in-2020-outlook?feed=0000015a-fd07-d6dd-a9ff-ff07c9a50000 By Sarah Wynn – December 04, 2019 Analysts predict states will be in stable condition this coming year with continued revenue growth, leading to more willingness to issue debt. State revenues will continue to climb in fiscal 2020, though at a more moderate […]

BondBuyer – Lower tuition rates may mean more downgrades in FY 2020

Author: , Post Date: November 18, 2019
Cumberland-Advisors-Patricia-Healy-In-The-News

Excerpt from… Lower tuition rates may mean more downgrades in FY 2020 By Sarah Wynn Nov 18, 2019 Some analysts have decided to stick with highly rated bonds in the higher education sector. “The higher education area, depending on if it’s public or private has seen some declines (in enrollment) over the years, especially in […]

Cumberland Advisors Market Commentary – Fire and Water

Author: Patricia Healy, CFA, Post Date: November 1, 2019
Market Commentary - Cumberland Advisors - California - A Note on the Fires

The fires engulfing parts of California are feared to become the nation’s worst fire disaster, possibly surpassing 2017 and 2018 fire events. Spurred on by wind gusts of up to 80 mph, this disaster harkens back to Superstorm Sandy, which occurred seven years ago, in October 2012. Superstorm Sandy soaked the Northeast, and its 80-mph […]

Miami-Dade County jumps into legal fight over terminated toll-road agency

Author: , Post Date: July 26, 2019
Cumberland-Advisors-Patricia-Healy-In-The-News

Excerpt from… Miami-Dade County jumps into legal fight over terminated toll-road agency By Shelly Sigo July 25, 2019 A court hearing Thursday and Friday could determine the fate of the Miami-Dade County Expressway Authority, and a new party in the case may sway the outcome. Miami-Dade County Commissioners decided Tuesday to become an amicus curiae, […]