This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Morningstar Launches Municipal Bond Research

Stocks in this article: MORN

CHICAGO, July 16, 2012 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today launched analyst research on 100 municipal obligors and bond reports for approximately 1 million municipal bonds.

Morningstar's fundamental municipal research is designed to assess relative credit quality and fiscal distress using a proprietary, analyst-driven methodology. Morningstar analysts evaluate each obligor through four key pillars: Economic Stability, Financial Condition, Debt and Long-Term Liabilities, and Management and Operating Environment. Analysts then assign a score of Good, Fair, or Poor to each pillar, and the pillars contribute to an overall score for each obligor. The initial coverage list includes large bond issuers among states, local governments, and enterprise-like entities such as water, sewer, and power authorities, airports, and higher education. The bond reports provide economic and demographic information related to each bond issuer, as well as pricing analytics and key bond-level information.

Haywood Kelly, senior vice president of equity and credit research for Morningstar, said, "The municipal bond asset class is large and opaque, and individual investors own about 60 percent of the market. Our aim is to provide greater transparency for investors, offer actionable and timely analysis, and equip financial advisors with information and tools to help them judge the relative value of municipal bonds and to make better informed investment decisions for their clients."

Morningstar analysts update the reports as market events warrant, or with the annual release of the obligor's audited financial statement. The bond reports are updated daily with the latest trade information, and the financial, economic, and demographic data is updated as soon as new information is available.

Morningstar's municipal bond research is available as an additional module in Morningstar Analyst Research Center, a research platform for broker-dealers and independent financial advisors. The Morningstar Analyst Research Center provides web-based access to Morningstar's suite of research for stocks, corporate bonds, mutual funds, exchange-traded funds, and initial public offerings. Independent advisors can subscribe to Morningstar's research for any of the investment types they choose. Firms may also purchase enterprise-wide licenses for the portal. More information about the Analyst Research Center is available at The research will also be available as an additional module in Morningstar ® Advisor Workstation(SM).

Morningstar launched corporate credit research and ratings in late 2009, and is now launching municipal research to round out its research offerings to fixed-income investors.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs