Municipal Bond Credit Outlook for 2014
Municipal bond issuers will continue to face several credit challenges in 2014. In general, the specter of revenue shortfalls, ongoing budget pressures, decreased federal funding levels, increased demand for services, and rising healthcare and pension costs will continue for all sectors. Miller Tabak Asset Management expects that the majority of municipalities will successfully manage through this difficult period with a combination of spending cuts and revenue enhancement plans. Click here to read this insightful piece from Miller Tabak.