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Current and Future Credit Issues in Public Finance  


Author:  Jeffrey M. Baker.; Richard A. Ciccarone.; David T. Litvack.; M. Douglas Watson.


Source: Volume 21, Number 04, Winter 2000 , pp.76-101(26)




Municipal Finance Journal

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Abstract: 

Analyzing the credit quality of public finance transactions is the topic of a session moderated by Jeffrey M. Baker. The experts on this panel are top-level representatives of different credit rating services, David T. Litvack and M. Douglas Watson, Jr.; as well as Richard A. Ciccarone, co-head of fixed income investments at a large institutional investor. The depth of their expertise powers an invigorating question and answer session.

Keywords: Public finance ratings; asset-backed analysis; GO bond ratings; securitized credit; tobacco bond ratings; ratings tranches; capitalized interest; relaxing bond covenants

Affiliations:  1: Chase Manhattan Bank; 2: Van Kampen Investment Advisory Corp.; 3: Fitch IBCA; 4: Moody’s Investor Service.

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