Puerto Rico bondholder recoveries reinforce patterns; cities face mounting flood risks

Moody's Talks - Muniland

Recovery patterns in Puerto Rico’s bankruptcy-like case resemble large municipal bankruptcies such as Detroit. Also, flood risks threaten to weaken some cities’ property tax bases, increase the need for infrastructure investment and disrupt the economy.

Guests: Al Medioli, Senior Vice President – Ratings and Process Oversight, Moody’s Investors Service; Jennifer Chang, Vice President – Environmental, Social and Governance, Moody’s Investors Service; and Bola Kushimo, Vice President – US Public Finance, Moody’s Investors Service

Host: Nick Samuels, Senior Vice President – US Public Finance, Moody’s Investors Service