• HOME :
  • NEWS :
  • THESE US STATES ARE PUTTING THEIR BOND INVESTORS IN A WORLD OF HURT

These US states are putting their bond investors in a world of hurt

NOVEMBER 19, 2018 | by Robert Pozen | MARKETWATCH

“Four U.S. states — Illinois, New Jersey, Hawaii, and Connecticut — are sitting on time bombs. Between 35% and 51% of their annual revenues are likely to be needed to meet their total annual payment obligations on existing debt, retirement plans, and retiree healthcare. Yet the general obligation (GO) bonds of New Jersey, Hawaii, and Connecticut have a single A-rating from both Moody’s and S&P Global; the GO bonds of Illinois still have an investment-grade rating of triple-B.”

NEWS

Create your own charts

VIEW LESS