National Federation of Municipal Analysts Warns Uncertainties with Redevelopment Dissolution Could “Lead to Bond Covenant Violations and/or Debt Service Payment Disruptions”

Sacramento - The National Federation of Municipal Analysts (“NFMA”) today released comments expressing concerns about the redevelopment dissolution process, warning of “bond covenant violations and/or debt service disruptions” that “could have widespread consequences across the State.” NFMA joins a chorus of respected analysts including Fitch, Moody’s and Standard & Poor’s in warning that uncertainties in […]