Author: Geoff Weitzel
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Municipal Bond Credit Report: Mnuchin: Trump administration examining online sales tax issue
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Treasury Secretary Steven Mnuchin said Wednesday that the Trump administration expects to take a stance on the online sales tax issue in the near future… Link to Story
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Municipal Bond Credit Report: Connecticut's pension plan returns set FY17 record
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Connecticut’s pension funds topped an all-time high in fiscal 2017, recording a net investment return of 14.2 percent, according to State Treasurer Denise L. Nappier… Link to Story
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Municipal Bond Credit Report: Moody's downgrades Kentucky's issuer rating to Aa3 from Aa2
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s on Kentucky says downgrade reflects revenue underperformance that will challenge commonwealth’s ability to increase its very low pension funding levels.. Link to Story
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Municipal Bond Credit Report: William Blair shedding municipals
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago-based William Blair has decided to shed its municipal bond business, abandoning an effort that started four years ago to expand the public finance practice to new regions… Link to Story
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Municipal Bond Credit Report: Alaska credit rating downgraded for 2nd time in a week
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Credit rating agency Standard & Poor’s lowered Alaska’s credit rating on Tuesday and said the state’s reliance on financial reserves to fund its budget cannot continue… Link to Story
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Municipal Bond Credit Report: Florida community development district bond validation case goes to trial
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A disagreement between two central Florida community development districts and their residents takes center stage this week in a bond-validation trial… Link to Story
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Municipal Bond Credit Report: Moody's Downgrades Fort Worth, TX's GOLTs to Aa3; Outlook Revised to Negative
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s Investors Service has downgraded the City of Fort Worth, TX’s general obligation limited tax (GOLT) bonds to Aa3 from Aa2, affecting approximately $657 million in outstanding parity limited tax debt… Link to Story
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Municipal Bond Credit Report: CalPERS says annual return jumps to 11.2 percent from 0.6 percent
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The California Public Employees’ Retirement System reported on Friday a preliminary 11.2 percent net return on investments for the fiscal year that ended June 30, up sharply from last year’s return of 0.6 percent due to a boost from equities… Link to Story
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Municipal Bond Credit Report: Moody's cuts rating on Alaska by a notch to "Aa3"
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Ratings agency Moody’s Investors Service cut its rating by a notch on Alaska to “Aa3” and maintained its negative outlook on the state… Link to Story
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Municipal Bond Credit Report: Michigan school district rating junked
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Williamston Community Schools in Michigan was dropped three notches into junk by Moody’s Investors Service Wednesday over its weak financial position and high levels of debt and pension liabilities… Link to Story