California Debt and Investment Advisory Commission

Presents a Webinar:

With a COVID-induced recession looming, investors are eager for information regarding the financial position of municipal issuers. At minimum, they expect issuers to uphold their continuing disclosure agreements and material event notifications, and to accurately describe their financial situation in initial offering documents. But, how does an issuer provide accurate information regarding its financial condition when circumstances are unprecedented and dynamic? Should issuers make voluntary disclosures to the market? Is there greater risk in disclosing nothing or disclosing what you know in the midst of economic uncertainty? Join us in a discussion of the disclosure challenges faced by issuers, where panelists will aim to provide strategies on how to navigate this very challenging dilemma.

Recommended Readings

CDIAC has consolidated available information on COVID-19 that relates to municipal debt on our COVID-19 Municipal Debt Resources page. Highlighted below are the resources most applicable to disclosure during the COVID-19 crisis.