Author: Geoff Weitzel
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Municipal Bond Credit Report: Moody's Warns State Budget Gridlock Could Make Hartford's Fiscal Woes Worse
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s is warning its clients that the financially troubled city of Hartford is rapidly approaching debt repayment deadlines in September and October, and that the state budget stalemate is a major threat to the city… Link to Story
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Municipal Bond Credit Report: MBIA Inc. Reports Second Quarter 2017 Loss of $1.2 Billion
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: MBIA Inc. (NYSE:MBI) (the Company) today reported a consolidated GAAP net loss of $1.2 billion, or $(9.78) per share, for the second quarter of 2017 … Link to Story
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Municipal Bond Credit Report: Oregon pension contributions are forecast to rise
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report:Oregon state and local government contribution requirements will “escalate significantly” in the next six years due to recent increases in total liabilities and weaker investment earnings, Moody’s Investors Service said this week… Link to Story
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Municipal Bond Credit Report: Record Number Of Officers Leaving Dallas Police Department
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Dallas Police Association President Mike Mata and others sounded the alarm months ago: Now, by the end of this month, Mata says 72 Dallas Police officers will leave: 70 percent of them are retiring and the other 30 percent are going to make more money at other departments… Link to Story
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Municipal Bond Credit Report: Illinois governor’s veto could jeopardize school funding
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Governor Bruce Rauner vetoed the school funding bill Wednesday claiming it gives too much money to Chicago… Link to Story
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Municipal Bond Credit Report: BRIEF-S&P says Scranton, PA GO debt rating raised to 'BB+'
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Scranton, PA GO debt rating raised to ‘BB+’ on improving finances… Link to Story
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Municipal Bond Credit Report: The abandonment of LIBOR could wreak havoc in the muni market
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A U.K. banking regulator’s plans to eliminate a key benchmark index could wreak havoc with hundreds of millions of dollars of floating rate bonds and interest rate swaps in the $3.8 trillion municipal market… Link to Story
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Municipal Bond Credit Report: Collapse of South Carolina nuclear project triggers downgrades
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: With no generating asset to show for more than $4 billion of debt, the South Carolina Public Service Authority’s Santee Cooper lost its only double-A rating… Link to Story
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Municipal Bond Credit Report: How South Carolina's nuclear reactor project became uneconomical
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: After spending billions of bonds financing two new nuclear reactors, South Carolina’s largest public power agency terminated the work, surprising its private partner in the project and some analysts… Link to Story
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Municipal Bond Credit Report: Santee Cooper, SCE&G pull plug on roughly $25 billion nuclear plants in South Carolina
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: After spending some $9 billion on a project heralded as the beginning of a renaissance for America’s nuclear power industry, a pair of South Carolina utilities are pulling the plug on two unfinished reactors in Fairfield County… Link to Story