New York Bond Buyers Must Increase Due Diligence Before It’s Too Late

The Bond Buyer

Anyone intending to buy or already holding New York bonds needs to increase due diligence of those issuers’ risks. The recent Internal Revenue Service’s decision to deny the State and Local Tax (SALT) cap work around proposed by elected officials for high property tax municipalities in New York is viewed negatively by Moody’s credit rating agency. Read more

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