BBR's proprietor is providing this space and the last three tabs on this web site free of charge to promote and have filed a action on behalf of constitutional bond-holders issued by the Commonwealth of Puerto Rico
Investors deserve expert, independent, and fair credit risk ratings & insight when buying or selling municipal bonds.
Municipal bond yields and prices are set by the ratings awarded by the commercial rating agencies. Their motivations, timeliness, and accuracy have been questioned.
Municipal bond pricing and differences in yields between rating grades are dependent on these issuer paid rating companies'. Much more so than any other domestic or international securities market.
The risk of nonpayment between deserving single and double-A rated municipals, for instance, is empirically insignificant, but yield differentials based credit ratings issued by the commercial rating companies are inaccurate, off by at least one full rating more times than they are not.
Where to look and guidance on what to pick
To win this opaque ratings game, banks, insurance companies, and institutional investors employ credit specialists to identify over-rated, fairly, and under-rated new and secondary market issues.
Benchmark provides this service to clients on an as needed flat fee per risk basis
Typically $200-$500 for rating & conference call or $2,000-$5,000, per risk including BBR credit report - samples . Minimum 48 hours’ notice please.
The lenders point of view is ours.
For individuals and their advisors who buy or sell issues in amounts of $100,000 and above.