FINANCE

EXCLUSIVE: Crunch time for municipal bonds

The struggling Municipal Bonds Agency has pleaded for councils to ‘pull behind us’ amid warnings it could run out of money before issuing a bond.

By Mark Conrad, Dan Peters | 23 August 2018

The struggling Municipal Bonds Agency has pleaded for councils to ‘pull behind us' amid warnings it could run out of money before issuing a bond.

The UK Municipal Bonds Agency (UKMBA) was given one of the highest possible credit ratings by global firm Moody's back in March but - four years after it was launched - has struggled to get enough councils to be able to issue a bond.

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Dan Peters

Popular articles by Dan Peters

  1. Solace presses for multi-year settlements
  2. Mayors call for a 'decade of devolution'
  3. Tewkesbury consultation extended
  4. Bev Craig to lead LGA Labour group
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