Author: Geoff Weitzel

Municipal Bond Credit Report: Mississippi will issue $279 million in gaming tax revenue bonds to fund an emergency bridge and road replacement program across the state. The 20-year limited obligation bonds price Thursday … Link to Story

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Municipal Bond Credit Report: Ohio-based American Municipal Power will sell $56 million of bonds Tuesday to refinance debt it used to prepay for solar power from 13 solar power plants. AMP’s prepayment was negotiated between DG AMP Solar, a subsidiary of NextEra Energy Resources LLC and AMP, under a March 2018 power purchase agreement for…

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Municipal Bond Credit Report: After years of bond-financed stadium expansions, college football is downsizing amid waning demand for seats, experts say. “Everyone is going smaller,” said Darin W. White, executive director of the Samford University Center for Sports Analytics in Birmingham, Alabama. “It’s definitely not smart to invest in larger stadiums because attendance across virtually…

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Municipal Bond Credit Report: Legislative changes in California that shift some state level responsibility for school districts to the county in situations of fiscal distress won’t change how Fitch Ratings rates school districts in the near term…. Link to Story

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Municipal Bond Credit Report: Gov. Andrew Cuomo on Thursday authorized a “less invasive” alternative to the nearly $500 million Canarsie Tunnel repair project in New York that will not involve a full 15-month shutdown of the 100-year-old L subway line,… Link to Story

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Municipal Bond Credit Report: As Kentucky lawmakers prepare to meet in this year’s regular session, rating agencies are warning of headwinds if it doesn’t tackle its underfunded pensions… Link to Story

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Municipal Bond Credit Report: The Tampa Bay Rays say the baseball team’s deal for a new stadium near downtown Tampa is dead. The Rays abruptly rejected the framework for funding a new $900 million ballpark in Tampa’s Ybor City neighborhood near downtown, saying that financing and other details weren’t thorough enough with the clock running…

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Municipal Bond Credit Report: Private colleges and universities in New Jersey will regain a financing option that has lain dormant for eight years. The New Jersey Educational Facilities Authority board unanimously voted in late November to reauthorize its tax-exempt leasing program to offering the institutions a low-cost financing option for capital needs. … Link to…

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Municipal Bond Credit Report: Johnson City, New York, regained an investment grade after a dramatic improvement in the village government’s financial health. Moody’s Investors Service upgraded Johnson City’s long-term issuer rating to Baa3 from Ba1 citing the village’s fiscal turnaround since it experienced a liquidity decline at the close of the 2015 fiscal year that…

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Municipal Bond Credit Report: The trustee for the Garcon Point toll bridge sued the Florida Department of Transportation for refusing to raise tolls since the debt went into default in 2012. UMB Bank NA asked a court Thursday to order FDOT to raise the tolls and to pay it more than $75 million in damages….…

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