Quote Of The Day, May 1, 2015

“It was a huge blunder by the school. This is what happens when an issuer isn’t taking its responsibility vis-à-vis the bond market seriously enough, which should generally undermine trust in the statements the school continues to make.”

Matt Fabian, a partner and head of market and credit research at Municipal Market Analytics, on the bond sale LSU had to cancel after investors were spooked by university president F. King Alexander’s fiscal doomsaying.



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