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Podcasts
California After the Fires: Understanding the Risk Landscape
Add a description for The Janaury 2025 wildfires in Los Angeles County are likely to be the most expensive natural disaster in US history. The financial consequences for local governments and bond investors are secondary to the losses suffered by residents and homeowners who were directly impacted., but the scale and severity of the damage has raised questions about the impact on the #municipalbonds market.
In the latest edition of The Muni CreditCast from BAM Mutual, we look at which of the unique bond structures that help support infrastructure investments in Southern California are most likely to be impacted, and how investors can think about the outlook for their portfolios. We also provide updates on the BAM surveillance team’s ongoing monitoring, which has indicated no material impacts on our outstanding portfolio.