Author: Geoff Weitzel
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Municipal Bond Credit Report: Connecticut Capital Hartford Downgraded To Junk By Moody's
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Just two days after S&P downgraded Hartford to junk, Moody’s has piled on, pushing the Connecticut State capital below investment-grade due to “the increased likelihood that the city will pursue debt restructurings to address its fiscal challenges.”… Link to Story
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Municipal Bond Credit Report: Hartford Debt Dropped To Junk Bond Status By Standard & Poor's
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Standard & Poor’s downgraded Hartford debt to junk bond status late Tuesday, less than a week after the financially troubled capital city hired a New York law firm with expertise in restructuring municipal finances… Link to Story
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Municipal Bond Credit Report: N.M. dodges another rating downgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New Mexico appears to have dodged — at least for now — an additional downgrade to its bond rating, though a national credit rating agency warned that the state still faces deep-rooted economic challenges… Link to Story
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Municipal Bond Credit Report: Pennsylvania's incomplete budget prompts S&P watch
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: S&P Global Ratings on Thursday placed its AA-minus general obligation rating on the commonwealth on credit watch with negative implications… Link to Story
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Municipal Bond Credit Report: Moody's places Chicago Board Education, IL's B3 GO rating on review for downgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s Investors Service has placed the B3 general obligation (GO) rating of the Chicago Board of Education, IL (CPS) under review for possible downgrade… Link to Story
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Municipal Bond Credit Report: Illinois has a budget
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois’ historic two-year-old budget logjam broke Thursday with the House’s successful override of Gov. Bruce Rauner’s veto of a $36 billion spending package that includes a $5 billion tax hike…. Link to Story
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Municipal Bond Credit Report: CPS makes good on chunk of massive teacher pension fund payment
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago Public Schools on Friday paid off about two-thirds of a massive bill owed to the city’s teacher pension fund with help from more than $380 million the district borrowed last week at costly interest rates… Link to Story
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Municipal Bond Credit Report: Puerto Rican Power Utility PREPA Files For Bankruptcy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Puerto Rico power utility PREPA, ladden with a $9 billion debt load, has filed for a form of bankruptcy, Puerto Rico’s primary fiscal agent said on Sunday… Link to Story
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Municipal Bond Credit Report: Government default rates rise to `new normal' for munis, Moody's finds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Government defaults have increased in frequency and size in recent years, heralding a “new normal” for the municipal market, according to a report from Moody’s Investors Service… Link to Story
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Municipal Bond Credit Report: National dealt two-notch blow by S&P as BAM, Assured ratings affirmed
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: S&P Global Ratings on Monday delivered a two-notch downgrade to National Public Finance Guarantee Corp., and affirmed its AA ratings on both Build America Mutual, which had earlier been placed on negative watch, and Assured Guaranty… Link to Story