Public pension funding is the most important issue weighing on the minds of municipal bond analysts, according to a Janney Capital Markets survey of 162 analysts.
Nearly four in 10 (39 percent) of the analysts don't think the municipal bond market, and ultimately the credit quality of local governments, has fully recovered from the last recession.
No issue registered nearly as close to pensions when asked what the most important issue would be for municipal and state governments going forward.
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