This intense two-day course provides an in-depth framework to assess municipalities. The objectives are to help learners gain essential skills for evaluating both small and large municipalities with relevant examples and interactive group discussion that enhances analytic skills. Presented as a combination of lecture and group exercises, and group discussion, the course will use two real cities to compare and contrast.
Course Objectives
By the end of the course, participants will be able to:
- Identify the mechanics of how state and local governments raise capital
- Describe the different types of issuers and investors in the municipal market
- Compare and contrasting the different types of short- and long-term municipal
debt - Discuss the ratings process and the implication of ratings on the municipal
debt market - Enumerate the economic and political factors that influence municipal issuers
- Identify major warning signals of deterioration in the municipal market
- Analyze current developments in the municipal market in light of heightened
fiscal problems - Develop and defend a Municipal Credit Rationale
Suggested Prerequisites:
- Financial Statement Analysis or equivalent knowledge
Program Level: Intermediate
Advance Preparation: None
Computers and Financial Calculators: Calculators
Recommended CPE Credits: 14
Duration: 2 days