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The Bond Buyer: Liquidity and equity are top concerns for high-yield


"In today's environment, liquidity can help protect a myriad of project risks including construction issues, which were also noted as a key issue," said Yaffa Rattner, head of municipal credit and senior managing director at HilltopSecurities and lead author of the report. "This concept resonates given supply side disruptions and cost overruns that are challenging contractors to deliver projects on time and on budget."

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