Moody's: Four municipal defaults in 2016, but number may rise in 2017 as municipal market evolves
Announcement: Moody's: Four municipal defaults in 2016, but number may rise in 2017 as municipal market evolves. Global Credit Research- 27 Jun 2017. New York, June 27, 2017-- While all four Moody's-rated municipal defaults in 2016 were related to the Commonwealth of Puerto Rico, that number could more than double in 2017 as additional Puerto Rico credits are restructured or default, according to Moody's Investors Service in its annual default study.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
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