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The Future Is Now: Default Study 2025

Colleen Murphy, David Fields, David Lemke and Kent John Chabotar

Municipal Finance Journal, 2018, vol. 39, issue 1, 111 - 139

Abstract: Focusing on three sectors that have been particularly active in defaults—higher education, continuing care retirement communities, and municipalities—this panel reviews current trends and lessons learned from recent experiences and predicts what future defaults will look like. It asks how today’s trends in security features and covenant structures will affect tomorrow’s defaults, what we have learned, and what we have yet to learn.

Date: 2018
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