Author: Geoff Weitzel
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Municipal Bond Credit Report: Nassau County advances bond deal to fund tax settlement debt
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Nassau County, New York, is pushing forward with a borrowing plan to tackle a backlog of refunds it owes taxpayers…. Link to Story
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Municipal Bond Credit Report: D.C.’s innovative approach to capital planning
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: WASHINGTON – The District of Columbia has begun producing some of the most comprehensive and detailed infrastructure asset data in the business, and may influence the practices of other large frequent issuers…. Link to Story
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Municipal Bond Credit Report: Shift to fixed rate lifts Delaware River Port Authority outlook
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A planned elimination of variable-rate debt exposure and termination of outstanding swaps lifted the rating outlook of the Delaware River Port Authority ahead of a $721 million deal…. Link to Story
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Municipal Bond Credit Report: How lottery fund and asset transfers could shore up Connecticut pensions
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Connecticut Treasurer Denise Nappier recommended using lottery revenues and transferring underused state assets into a trust to shore up the Teachers’ Retirement Fund, the state’s largest pension system…. Link to Story
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Municipal Bond Credit Report: Westchester County charting a course to structural balance
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Westchester County, New York, Executive George Latimer’s first budget seeks to restore fiscal health after years of operating deficits. Latimer said his $1.94 billion fiscal 2019 budget would not dip into reserves and implements a hiring freeze, among other measures designed to put the county of 980,000 that sits north of…
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Municipal Bond Credit Report: All Aboard Florida’s Brightline trains to rebrand as Virgin
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Richard Branson, the British billionaire who wants to transform air travel with supersonic jets, has put his sights on something decidedly more down to Earth: a passenger railroad. Branson has agreed to make a small investment and lend the Virgin brand to Fortress Investment Group’s Florida railroad, the first privately-funded intercity…
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Municipal Bond Credit Report: Criteria shift ends triple-A status of New York PIT, sales tax bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New ratings criteria ended the triple-A status of two New York State bond credits. S&P Global Ratings downgraded New York’s long-term personal income tax and sales tax bonds one notch to AA-plus Wednesday citing its new priority-lien tax revenue debt criteria released last month. … Link to Story
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Municipal Bond Credit Report: City health sets Philadelphia School District closer to upgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Philadelphia’s improved fiscal conditions have positioned the city’s junk-raked school district for a rating boost. Moody’s Investors Service placed its Ba2-rated Philadelphia School District bonds on review for an upgrade Tuesday, citing the city’s strengthening economy and increased tax support for the school system…. Link to Story
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Municipal Bond Credit Report: Amazon’s ‘muted’ impact on New York, Northern Virginia
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Amazon’s “second” world headquarters will have “at most a muted impact” on the economies and credit quality of Arlington County, Virginia, and New York City, Fitch Ratings said Tuesday…. Link to Story
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Municipal Bond Credit Report: A Chicago suburb is cut four notches over pension burden
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: CHICAGO — The southern Chicago suburb of Oak Lawn took a four-notch rating cut over budget and pension strains. S&P Global Ratings dropped the village’s rating to BBB from A-plus and assigned a negative outlook. … Link to Story