Municipal Bond Credit Report: Governments Are Turning to Banks for Easy Money

Municipal Bond Credit Report: In the years since the Great Recession, state and local governments have increasingly borrowed money directly from banks instead of issuing public bonds. The loans, they say, come with lower costs and can be more convenient than going through the cumbersome public debt process. But observers worry that the terms around these loans aren’t transparent enough, obscuring an important part of a government’s financial health… Link to Story