Author: Geoff Weitzel
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Municipal Bond Credit Report: Illinois public safety pension funds outside Chicago fare no better
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The unfunded liabilities of local government public safety funds outside Chicago nearly doubled over the last decade, eroding funded ratios to below 60%… Link to Story
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Municipal Bond Credit Report: Taxes on the table as California locals face higher pension funding requirements
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Some local governments in California, faced with increasing pension funding requirements, may turn to tax increases… Link to Story
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Municipal Bond Credit Report: Troubled Georgia nuclear reactors to be finished
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Georgia regulators allowed the private and public power owners of the only nuclear reactors under construction in the United States to complete them… Link to Story
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Municipal Bond Credit Report: Florida CDDs seek new bond validation to buy Solivita amenities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: As residents in Florida’s Solivita retirement community appeal a bond validation case, their community development districts asked a new judge to approve the same debt using a different assessment scheme… Link to Story
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Municipal Bond Credit Report: If economy tanks, Texas pensions at risk
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: State pension systems in Texas are unusually vulnerable to an economic downturn. That’s the finding of a recent Moody’s Investors Service report that ranked Texas as the third-most susceptible state to pension investment losses based on the rating agency’s “budget shock” indicator. .. Link to Story
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Municipal Bond Credit Report: Fate of Georgia nuclear reactor project lies with state commission
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Georgia’s Public Service Commission holds the power to decide whether to complete the two nuclear reactors at Plant Vogtle… Link to Story
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Municipal Bond Credit Report: Revenue bond rating withdrawn after California hospital district's default
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Fitch Ratings has withdrawn its rating on $13.65 million in revenue bonds issued by bankrupt Tulare Health Care District after it defaulted on its Nov. 1 bond payment… Link to Story
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Municipal Bond Credit Report: Assured profit falls on hurricane damage in Puerto Rico
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Assured Guaranty Ltd., the largest municipal bond insurer, said its third-quarter profit fell by 57% due to an increase in loss reserves for Puerto Rico hurricane damage… Link to Story
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Municipal Bond Credit Report: House GOP tax plan would halt advance refundings, eliminate PABs, prohibit use of tax-exempts for stadiums
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: WASHINGTON – The House Republican tax bill would shrink the municipal market considerably by halting advance refundings and private activity bonds after the end of this year… Link to Story
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Municipal Bond Credit Report: Credit agency less bearish about Santee Cooper debt after V.C. Summer pullout
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A credit analysis firm, Fitch, has removed its “negative watch” outlook on $7.4 billion in Santee Cooper debt and affirmed its long-term A+ rating for the bonds… Link to Story