Supreme Court Declines to Hear Bonds Dispute in Puerto Rico Bankruptcy January 14, 2020 By Karen Pierog The U.S. Supreme Court on Monday declined to take up a dispute that has roiled the $3.8 trillion U.S. municipal...
Fitch Warns Bond Insurers After Court’s Puerto Rico Bankruptcy Ruling April 12, 2019 By Karen Pierog A U.S. Appeals Court ruling last month in Puerto Rico’s bankruptcy led Fitch Ratings on Thursday to place seven city,...
Bond Insurers Want Independent Receiver for Puerto Rico’s Bankrupt Electric Utility October 5, 2018 By Luis Valentin Ortiz and Karen Pierog Bond insurance companies that were not part of a preliminary deal to restructure debt issued by the Puerto Rico Electric...
Tax Act Could Pose Challenge for Municipal Bond Market December 22, 2017 By Karen Pierog The U.S. municipal bond market emerged bruised but not decimated by the federal tax bill that won final approval in...
Bond Insurer Syncora Fighting City’s Plans in Detroit Bankruptcy June 26, 2014 By Karen Pierog Bond insurer Syncora Guarantee Inc has emerged as Detroit, Mich.’s chief nemesis in the city’s historic bankruptcy case and is...
Municipal Defaults – Already 21 in 2012 – Another Blow for Bond Insurers March 20, 2012 By Karen Pierog A growing number of U.S. cities are choosing to fund essential services like public safety and garbage collection over making...
Republican Attorneys General Pursue Sovereignty Claim Against Health Bill March 23, 2010 By Karen Pierog Republican attorneys general in at least 12 U.S. states warned Monday that lawsuits will be filed to stop the federal...
Federal Healthcare Reform Triggering Opposition by States March 19, 2010 By Karen Pierog and Lisa Lambert As the U.S. Congress once again rallies to pass healthcare reform legislation, momentum is growing in many states to pass...