Ty Schoback is an analyst at Columbia Management Investment Advisers, LLC (CMIA), focusing on state and local general obligations, pooled loans, and public power credit analysis. He joined the firm in 2008 and has been a member of the investment community since then.
Mr. Schoback earned a B.S. in finance from Winona State University.
We expect an increased divergence in state credit quality in the coming years, compared with what has been seen over the past two decades. While the overall state sector remains robust, we believe notable credit distinctions are beginning to materialize among several weaker states. Investors should be aware of this divergence and seek to be
The State of Michigan’s failure to preserve the integrity of the General Obligation (GO) pledge in Detroit has greatly undermined the market’s confidence in debt issued within Michigan. It has also resulted in increased borrowing costs for other Michigan entities. The State communicated to investors the UTGO security pledge of local governments should not be
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