Muni Market Anxiety Teed Up In 1st Circ. Puerto Rico Appeal

By Alex Wolf ( April 9, 2019, 9:24 PM EDT) -- Municipal bond insurers issued a stern warning Tuesday to the First Circuit asking that it revise its own ruling from last month that Puerto Rico does not have to make payments on special revenue bonds during its bankruptcy-like cases, saying the ruling creates market uncertainty and undermines long-held industry beliefs....

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