Author: Geoff Weitzel
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Municipal Bond Credit Report: Moody’s upgrades North Broward Hospital District, Florida, to Baa1
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s Investors Service raised North Broward Hospital District, Florida’s revenue bonds to Baa1 from Baa2 and revised its outlook to stable from positive… Link to Story
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Municipal Bond Credit Report: Cook County gets rating boost from Moody’s
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s Investors Service raised the rating for Cook County, Illinois, a notch to A1 with a stable outlook, citing its accumulation of “sound” reserves, along with the recent enactment of a state law governing its pension contributions… Link to Story
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Municipal Bond Credit Report: California announces loan awards for distressed hospitals
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A bankrupt California hospital will receive a $10 million loan from a new state program to aid troubled providers… Link to Story
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Municipal Bond Credit Report: Mortgage Rates Hit 7.23%, Highest Since 2001
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Mortgage rates pushed to a fresh two-decade high this week, making it tougher for the housing market to emerge from its stark slowdown… Link to Story
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Municipal Bond Credit Report: Powell Says Fed Will ‘Proceed Carefully’ on Any Further Rate Rises
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve Chair Jerome Powell cautioned that past interest-rate increases had yet to fully slow the economy, an argument for holding rates steady for now, even though stronger and sustained growth could require higher rates to keep inflation declining… Link to Story
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Municipal Bond Credit Report: Massachusetts records year-over-year revenue dip
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Annual tax revenue collection in Massachusetts fell by 4.7% in fiscal year 2023, the State Department of Revenue announced in its yearly report released Friday… Link to Story
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Municipal Bond Credit Report: Plastic recycling company’s Ohio plant is on track after default designation
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A plastics recycling plant in Ohio that company officials promise will “change the landscape of recycling” has launched initial operations after years of construction delays that triggered a bond default designation… Link to Story
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Municipal Bond Credit Report: Municipal debt of Hawaiian Electric falls after deadly Maui wildfire
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Municipal bonds sold by a unit of Hawaiian Electric Industries, which operates the utility that serves Maui, are plunging amid scrutiny over the company’s possible role in the island’s deadly wildfire… Link to Story
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Municipal Bond Credit Report: Latest estimate: 5.8 percent — August 16, 2023
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2023 is 5.8 percent on August 16, up from 5.0 percent on August 15… Link to Story
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Municipal Bond Credit Report: S&P backs down from ESG scores critics called ‘confusing’
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: S&P Global Ratings’ announcement it will not release new or updated environmental, social, and governance credit indicators in public finance comes amid confusion over their impact on bond ratings, as well as an anti-ESG backlash that produced a deluge of legislation this year to stop the factors’ encroachment in government activities……