The Bond Buyer
How PG&E's California woes may impact high-yield munis
The financial woes of investor-owned utility PG&E could indirectly cheapen municipal high-yield debt, according to a municipal research firm.
PG&E could face billions in liabilities related to its alleged role in sparking some of the massive forest fires that have plagued the state over the last two years.
…possibly widening spreads,” said Matt Fabian, a partner with Municipal MarketAnalytics. “Muni yield prices are indirectly ..