The Traderszone Network

Published in TZ Latest News 14 September, 2017 by The TZ Newswire Staff

Natural Disasters Have Not Caused a Single Muni Default: Moody’s (MUB)

For the first time since we’ve been keeping track, two separate Category 4 hurricanes struck the mainland U.S. in the same year. It should come as no surprise, then, that the combined recovery cost of Hurricanes Harvey and Irma is expected to set a new all-time high for natural disasters. AccuWeather estimates the total economic impact to top out at a whopping $290 billion, or 1.5 percent of national GDP.

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