Home>Topics>>Troubled Bahraini bank Arcapita files reorganisation plan
Troubled Bahraini bank Arcapita files reorganisation plan
Reuters: Bankruptcy News
Sat, 9 Feb 2013
DUBAI, Feb 9 (Reuters) - Bahrain-based Arcapita Bank, the first Gulf company to file for bankruptcy in the United States under Chapter 11 rules, said on Saturday it had submitted a plan to reorganise...
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.
With vast differences in funding levels across states, muni investors need to carefully consider the impact of pension obligations when assessing muni-credit worthiness, says Morningstar's Rachel Barkley.
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