Agenda

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Speakers & Topics:

Keynote Speakers:
  • Lyle Fitterer, CFA, Managing Director, Senior Portfolio Manager Tax-Exempt Fixed Income, Wells Capital Management

  • Arlene Bohner, Fitch Rating Services

In April, Fitch introduced new criteria for rating U.S. Local and State Governments. Arlene Bohner will discuss the changes in approach and introduce the criteria’s forward looking tools, including Scenario Analysis and the Fitch Analytical Sensitivity Tool.

 
Issuers:
  • Mayo Clinic - Rick Haeflinger, Senior Investment Officer and Assistant Treasurer

  • Minnesota Management and Budget - Myron Frans, Commissioner 

 
Presentation Topics:
  • Puerto Rico: A Credit History - David Hitchcock, Senior Director, S&P Global - Ratings

How did Puerto Rico arrive at default on its general obligation debt?  What might happen in the future?  We will trace the island’s economic, financial, and debt credit history, and what factors are likely to pressure the Commonwealth in the future.  Lastly, there will be a discussion of the federal PROMESA act, which imposes a financial control board and creates a temporary stay on default related litigation. 

  • Is High Yield, High Risk: A Primer on Municipal High Yield Eric L. Frey, Senior Vice President, Client Portfolio Management, Nuveen Asset Management

In this presentation we will discuss a fundamental misunderstanding by investors of the nature of credit risk in the municipal high yield marketplace.

 
Panels:
  • Rural Municipalities and Their Access to Financing 

Moderator: Colleen Landkamer, State Director, Rural Development, U.S. Department of Agriculture

Kurt Apfelbacher, Vice President, Dougherty & Company, LLC

Aaron Knewtson, Vice President, Rural Capital Network, AgStar Financial Services, ACA

Brian Reilly, CFA, CIPMA, Senior Municipal Advisor/Principal, EHLERS

 

  • Issues Facing State and Local Governments

Moderator: Adam Duininck, Chair, Metropolitan Council

David R. Erdman, Capital Finance Director, State of Wisconsin

Kate Hackett, Kroll Rating Agency

Scott Peterson, Director of Government Affairs, MnDOT 

Mark Ruff, CFO, City of Minneapolis