Author: Geoff Weitzel
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Municipal Bond Credit Report: Fiscal progress drives Atlantic City bond rating upgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Continued upward fiscal momentum gave Atlantic City its second multi-notch upgrade in a two-week stretch…. Link to Story
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Municipal Bond Credit Report: Court won’t reconsider appeal in Jefferson County bankruptcy case
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A federal appellate court said Wednesday that it will not rehear an appeal in Jefferson County, Alabama’s bankruptcy case…. Link to Story
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Municipal Bond Credit Report: Washington charter school ruling negative for its school districts
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Supreme Court ruling in Washington State upholding lottery funding for charter schools is credit negative for traditional school districts, according to Moody’s Investors Service…. Link to Story
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Municipal Bond Credit Report: SEC looks for dialogue at municipal disclosure conference
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: WASHINGTON – The Securities and Exchange Commission is looking for feedback from the municipal bond market on disclosure issues that have been the subject of debate and caused anxiety for years…. Link to Story
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Municipal Bond Credit Report: Illinois sales tax bond rating takes a five-notch hit
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: CHICAGO – Illinois’ sales tax-backed bonds took a five notch hit from S&P Global Ratings as a result of revised criteria published last week that more closely tie priority-lien tax revenue credits to their government issuer…. Link to Story
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Municipal Bond Credit Report: Chicago’s $1.3B Sales Tax Securitization deal placed on day-to-day status
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago’s $1.3 billion deal Sales Tax Securitization Corp., tentatively scheduled to price Wednesday, was moved to the day-to-day calendar, according to deal participants. Bookrunner Loop Capital Markets LLC cited “market conditions.”… Link to Story
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Municipal Bond Credit Report: Pennsylvania panel in home stretch on pension overhaul study
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Pennsylvania’s pension commission, after three public hearings, will complete its review of the state’s two major funds and report its findings to Gov. Tom Wolf and the General Assembly…. Link to Story
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Municipal Bond Credit Report: What MSRB decided at its first meeting of fiscal 2019
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: WASHINGTON – The Municipal Securities Rulemaking Board has agreed to collect new data from muni issuances and to seek further comment aimed at producing new guidance on underwriters’ disclosures to issuers under the board’s fair-dealing rule…. Link to Story
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Municipal Bond Credit Report: Indy’s improving finances earn it outlook upgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Indianapolis’ growing record of keeping its finances structurally balanced has earned the city an outlook upgrade from Kroll Bond Ratings Agency. Kroll raised the outlook to positive and affirmed its AA-plus rating on the city, saying that the city’s financial position continues to demonstrate an ascending trajectory…. Link to Story
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Municipal Bond Credit Report: Chicago Public Schools fares better on short-term rates
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: CHICAGO – Chicago Public Schools slashed its short-term borrowing rates by more than two percentage points in its first tax anticipation note issue of the fiscal year. The district received eight bids totaling $1.15 billion on its $200 million, unrated TAN issue that sold competitively Thursday. It marked the district’s first…