Falling Crude Oil Prices and Muni Credit: Winners and Losers
January 25, 2015 at 07:30 AM EST
In the near term, SNWAM has minimal municipal credit risk from falling crude oil prices. Furthermore, we agree with the Federal Reserve that the U.S. economy as a whole will benefit from lower crude oil prices. The table below from the U.S. Bureau of Economic Analysis shows that oil and gas...
