Public pension funding is the most important issue weighing on the minds of municipal bond analysts, according to a Janney Capital Markets survey of 162 analysts.
Nearly four in 10 (39 percent) of the analysts don't think the municipal bond market, and ultimately the credit quality of local governments, has fully recovered from the last recession.
No issue registered nearly as close to pensions when asked what the most important issue would be for municipal and state governments going forward.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
