As dire news of higher education distress and defaults continue, panelists will discuss trends such as declining enrollments, tuition discounts and shrinking small endowments. A looming question is once these trends appear, when to hire independent consultants and replace trustees to get a passing grade for bonds.
Mintz Levin's very own Miyoko Sato will be speaking on this panel as a part of this year's Smith's High Yield Municipal Bond Conference.
The conference examines the nature and durability of revenues pledged to support repayment of bonds over the next 30 years. For example, demographic trends such as the “Millennials”, will not only impact housing markets and healthcare insurance, but also transportation and wage growth. The “silver tsunami” of an aging American Baby Boomer cohort continues to drive up demand for senior living facilities and creates greater demand for healthcare. Technology changes, such as robots, 3D printing and autonomous vehicles, will impact the workforce, transportation and redefine manufacturing.
This year, Smith’s High Yield Municipal Bond Conference will look at the implications of regulatory changes, the potential for rising rates and the possibility of a recession.
For more information on the conference, please click here.