Author: Geoff Weitzel
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Municipal Bond Credit Report: Chicago schools line up more than $2 billion of borrowing authority
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Chicago Board of Education put its stamp of approval on a $6 billion fiscal 2019 operating budget, $1 billion capital program, and more than $2 billion of new money, refunding, and short-term borrowing… Link to Story
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Municipal Bond Credit Report: Another rural Texas hospital is on the brink of bankruptcy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Nacogdoches County Hospital District took a nine-notch downgrade from S&P Global Ratings as the East Texas hospital operator prepares to file for bankruptcy… Link to Story
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Municipal Bond Credit Report: Demographics darken credit outlook for rural America
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A vicious cycle of aging populations, urban migration, job losses and falling revenues darkens the credit outlook for hundreds of rural counties that have generally failed to recover from the Great Recession, according to recent research… Link to Story
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Municipal Bond Credit Report: Reserves and balance help return Minnesota to S&P’s AAA graces
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: With flush reserves and structurally balanced budgets bolstered by new pension reform measures, Minnesota won back S&P’s top rating… Link to Story
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Municipal Bond Credit Report: South Carolina’s nuclear debacle heats up in court
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The South Carolina electric cooperative that pays for 70% of the energy produced by state-owned Santee Cooper wants the state’s high court to let a lower court decide a legal dispute over rates tied to a failed nuclear reactor project… Link to Story
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Municipal Bond Credit Report: Alaska’s tax-credit bond plan raises ‘subject-to-appropriation’ questions
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: As Alaska seeks to improve its financial standing it is turning to bonds to pay off $1 billion of tax credits it owes to oil and gas producers… Link to Story
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Municipal Bond Credit Report: With economy booming, Texas sales tax receipts hit record for June
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A booming Texas economy produced record sales tax revenue for the month of June with collections of $2.77 billion representing a 13.7% increase… Link to Story
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Municipal Bond Credit Report: Connecticut cities’ pensions are in a tougher spot than state’s
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Better management may not be enough to stabilize pension funding in Connecticut’s major cities, according to the Manhattan Institute for Policy Research… Link to Story
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Municipal Bond Credit Report: Illinois will bond for pension buyouts, may cancel swaps
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois’ new state budget paves the way for the state to pay off swaps tied to $600 million of floating-rate debt and authorizes $1.8 billion in new general obligation borrowing to finance pension buyouts and capital projects… Link to Story
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Municipal Bond Credit Report: Sustained improvements mean Florida is now triple-A across the board
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: After trying to attain gilt-edged ratings for more than a decade, Florida finally convinced the last holdout, landing an upgrade to Aaa from Moody’s Investors Service… Link to Story