Muni Lowdown: CCRC calamity

Debtwire Municipals' Chuck Stanley discusses how for Continuing Care Retirement Communities (CCRC) that are highly reliant on new residents for liquidity, a prolonged interruption in marketing activity could result in quickly deteriorating cash situations. Debtwire's Head of Municipal Research Greg Clark talks about some important credit characteristics of private colleges and universities rated by S&P Global Ratings in the BBB range (i.e. BBB+, BBB, and BBB-), given this credit environment. He will also introduce the Debtwire Municipals ratings tracker which presents all municipal bond rating actions taken by Moody’s, S&P Global Ratings and Fitch over the past week. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact [email protected]