Conning recently set a “declining” 2023 outlook on state credit quality, a change from the “stable” outlook it has had since 2021.
Karel Citroen is a managing director and head of municipal credit research at Conning.
Prior to joining Conning in 2015, he was in municipal portfolio surveillance with MBIA and previously was a banking and securities lawyer for financial institutions in the Netherlands.
Citroen earned an LL.M. from the University of Amsterdam and an MBA from Yale University and is a member of the Municipal Analyst Group of New York.