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Oct 18, 2015

This is an odd questions in two parts:
(1) public finance, deals in fixed income securities, where the issuers are public entities. Depending on the bank is classed under Public Sector and Infrastructure (PSI) like at Goldman Sachs but still encompasses primarily municipal bonds and long-range project finance.

(2) credit-rating agency vs. investment bank -- you listed Moody's as the the place for the position. They do not underwrite and manage bond deals. They are a credit rating agency, thus if you're working for [email protected]'s, you would be involved in the credit ratings of those municipal securities.

Oct 18, 2015
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