Muni-bond insurers face losses tied to infrastructure projects

02/19/2010 | Bloomberg

With more local governments seeking bankruptcy protection for infrastructure projects, companies that insure municipal bonds are facing soaring losses, analysts said. "It is a worst-case scenario if the dynamics of the municipal bond market change," said Rob Haines, an analyst at CreditSights. "The companies have modeled in virtually no losses."

View Full Article in:

Bloomberg