Municipal analysts should scrutinize local pension plans because they are subject to more event risk, according to a report by Chicago’s Loop Capital Markets.

Loop Capital’s full presentation is linked here.

http://www.bondbuyer.com/news/markets-buy-side/loop-to-analysts-focus-on-local-pension-plans-1066045-1.html#174_159900781_15722_-1_1410439376696