Author: Geoff Weitzel
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Municipal Bond Credit Report: Chicago schools have more borrowing on the table
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago Public Schools expects to return to the market in its new fiscal year with a general obligation refunding and is eyeing a possible new money issue using its higher-rated capital improvement tax credit should its now-lean proposed capital budget grow… Link to Story
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Municipal Bond Credit Report: Why Harrisburg faces a new fiscal crisis
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Harrisburg, Pa., Mayor Eric Papenfuse said Monday he will declare a state of fiscal crisis for Pennsylvania’s capital city, which seven years ago attempted a Chapter 9 bankruptcy filing… Link to Story
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Municipal Bond Credit Report: SEC probes the meltdown of South Carolina’s twin nuclear reactor project
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: South Carolina’s failed twin nuclear reactor project, partly owned by Santee Cooper, faces a widening investigation by the Securities and Exchange Commission… Link to Story
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Municipal Bond Credit Report: Why the volcanic eruption is unlikely to dent Hawaii County’s ratings
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The eruption of Hawaii’s Kilauea volcano isn’t likely to result in any rating changes for Hawaii County, according to Fitch Ratings… Link to Story
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Municipal Bond Credit Report: Coal industry woes a factor in a Kentucky county’s seven-notch downgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Kentucky county and its sole hospital received multi-notch rating downgrades as they struggle in a region hit by the declining coal-mining industry’s closures, bankruptcies and job losses… Link to Story
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Municipal Bond Credit Report: Criteria change sends Build Illinois sales tax bonds down five notches
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Build Illinois sales tax revenue bonds absorbed a five-notch downgrade Friday following a revision to Fitch Ratings’ criteria for state dedicated tax bonds… Link to Story
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Municipal Bond Credit Report: $800 million in orders placed for Jefferson County’s GOs
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Jefferson County, Alabama, received more than $800 million in orders during Wednesday’s pricing of general obligation refunding warrants, resulting in demand that helped the county achieve greater savings than anticipated… Link to Story
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Municipal Bond Credit Report: St. Louis credit rating again downgraded in ‘wake-up call’ from Moody’s
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: St. Louis’ general-obligation rating fell from A3 to Baa1 on Wednesday, and ratings on revenue bonds also were downgraded. Obligations rated Baa are subject to moderate credit risk, which could mean higher borrowing costs for the city… Link to Story
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Municipal Bond Credit Report: Pennsylvania’s distressed cities program still easier to enter than leave
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Entering Pennsylvania’s workout program for distressed communities, known commonly as Act 47, remains a one-way ticket for most cities… Link to Story
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Municipal Bond Credit Report: Why Mnuchin thinks changes to Dodd-Frank will pass soon
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. Treasurer Steven Mnuchin thinks Congress could agree within two months on changes easing the Dodd-Frank regulations that were put in place following the 2008 banking crisis… Link to Story