Bloomberg
Bloomberg: 36 Senior Living Muni Debt Issues Fell Into Default Last Year
Three-dozen municipal debt issues for senior living communities fell into default in 2020, and five more borrowers have failed to make payments this year.
That’s according to an analysis published last week by Bloomberg. A previous analysis, done by Municipal Market Analytics in Aug. 2020, showed 23 retirement communities had reported first-time defaults on municipal bonds as of that date. The previous high was 22 defaults in a single year, recorded in 2016.