Perspectives Blog

Michael Taylor, Senior Municipal Analyst

Michael Taylor is a senior analyst at Columbia Management Investment Advisers, LLC (CMIA). Mr. Taylor covers various public utilities and tax-supported credits, and works closely with separate accounts managed by Columbia Management Fixed Income Specialists. He joined the firm in 2011 and has been a member of the investment community since 2007.
Prior to joining the firm, Mr. Taylor spent eight years at Standard & Poor’s, most recently serving as an associate director in their U.S. Public Ratings Group, where he focused on general obligation, lease, special tax and public utility ratings with an emphasis in the western United states. In this role, Mr. Taylor produced numerous rating reports, published special research pieces and served as a voting member on the firm’s rating committees.
Mr. Taylor earned a B.A. and M.A. from Marist College. He is a member of the Boston Municipal Analyst Forum and the National Federation of Municipal Analysts.

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Puerto Rico’s turbulent ride

Michael Taylor, Senior Municipal Analyst | September 26, 2013

Puerto Rico’s economic contraction and fiscal decline is persistent, well-documented and widely acknowledged within the municipal marketplace. For Puerto Rico, continued access to affordable capital remains imperative for the maintenance of fiscal operations, liquidity, and maintaining investment-grade agency credit ratings. We maintain the opinion that investing in Puerto Rico municipal bonds remains appropriate only for