What’s behind the downgrade of Puerto Rico’s credit ratings by Standard & Poor’s and Moody’s? The double-downgrade puts pressure on Puerto Rico to shore up its finances in the coming weeks A future default or debt restructuring could rattle investor confidence and impact all municipal market issuers On February 4, Standard & Poor’s lowered its
Michael Taylor, Senior Municipal Analyst
Michael Taylor is a senior analyst in tax-exempt fixed income research at Columbia Management. In his role, Mr. Taylor covers various tax-supported credits, public utilities, charter schools and tobacco securitizations, and works closely with separate accounts managed by Columbia Management fixed-income specialists. Mr. Taylor joined the firm in 2011. He has been in the financial services industry since 2003 and on the investment side 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 Analysts Forum, the National Federation of Municipal Analysts, and the Government Finance Officers Association of the U.S. and Canada.