Key Challenges Facing Illinois' Municipal Bonds

The state of Illinois once again did not pass its budget and expectations are a continuation of credit downgrades may affect their municipal bonds. Our portfolio management team discusses the challenges facing Illinois, the differences between Illinois and Puerto Rico municipal bonds, other states that may be under the same pressure as Illinois and finally, how Alpine is managing these situations and our portfolios. Pension Funds Have $4T Hole, Even A 5% Market Decline Could Be Catastrophic [dalio] The state of Illinois once again did not balance their budget and has been downgraded by some of their credit rating services….