Pennsylvania State Capitol building in Harrisburg. Photo: Shutterstock Treasurer Calls for Evaluation of Revenue for Municipal Bond Ratings
Pennsylvania Treasurer Joe Torsella on Jan. 14 announced his call for S&P, Moody's and Fitch to explicitly evaluate the role of, and reliance on, fees and fines for revenue for municipal bond ratings. If implemented, this added protection would reveal risk and increase transparency of the nation's $4 trillion municipal bond market.
January 15, 2021 at 01:00 PM
3 minute read
Pennsylvania Treasurer Joe Torsella on Jan. 14 announced his call for S&P, Moody's and Fitch to explicitly evaluate the role of, and reliance on, fees and fines for revenue for municipal bond ratings. If implemented, this added protection would reveal risk and increase transparency of the nation's $4 trillion municipal bond market.
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