Municipal bond underwriters are betting that Orange County, Calif., has all but settled on a lead underwriter for a possible public finance solution to the county's fiscal troubles.

The vast majority of bankers who have responded to a request for proposals from the county say that, if and when a deal takes place, officials will probably chose either J.P. Morgan Securities or Goldman Sachs & Co.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.