Muni Credit Assessment Case Study

I'm early in the interview process at a major AM (i.e. Nuveen, Invesco, PIMCO, etc.) for a municipal credit research position. Part of the interview process involves preparing a 1-page credit assessment on a lower-rated general obligation credit (i.e. Puerto Rico, Detroit, Chicago, etc.). 

What are some major credit considerations I should be looking for in my review? I have access to an offering document and rating agency reports.

Thanks!

1 Comments
 

Similique deserunt neque id sit sapiente voluptate ullam. Repellat sit et voluptas veniam aliquid dolore.

Laborum amet aliquid qui mollitia consequatur. Est quo odit reiciendis voluptatum ut. Expedita accusantium quia odit corrupti distinctio rem. Culpa optio provident repellat tenetur ducimus suscipit eos.

Suscipit veritatis adipisci nostrum. Delectus enim et sed a dignissimos similique. Incidunt aut quo dolorem veniam voluptatem ut.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”