UPDATE 2-Creditors in Alabama bankruptcy to miss Feb. 1 payment
BIRMINGHAM, Ala., Feb 1 (Reuters) - A lawyer for the creditors' trustee in America's biggest municipal bankruptcy on Friday said the trustee will not make a Feb. 1 payment to owners of $3.14 billion...
Related Videos
-
Municipal Bankruptcies Rare, and Should Continue to Be SoDespite Jefferson County's woes, we don't expect widespread defaults--but trouble spots do remain, says Morningstar muni credit analyst Rachel Barkley.
-
An Interesting Muni Entry PointOverblown credit fears and several technical factors have created attractive opportunities in the municipal -bond market, says Nuveen Investments' John Miller.
-
Will the Next Municipal Shoe Drop on Bondholders?Despite the scare of recent bankruptcies and downgrades, municipalities have the resources to continue making bond payments, while looming tax increases likely won't affect muni demand, says Morningstar's Jeff Westergaard.
-
Berkowitz on Opportunity in BankruptciesThe Fairholme manager comments on the fund's significant investment in the convertible bonds and bank debt of bankrupt mall operator General Growth Properties.