Author: Geoff Weitzel
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Municipal Bond Credit Report: Iowa hospital seeks bankruptcy to implement acquisition plan
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: An Iowa hospital filed for Chapter 11 bankruptcy this week, blocking a move by its largest bondholder to seek a court-appointed receiver and the immediate payment of principal and interest. .. Link to Story
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Municipal Bond Credit Report: Bankruptcy judge keeps Arizona sports venue on track for sale
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Chapter 11 bankruptcy involving a bond-financed Arizona participant sports venue will continue to move forward in an effort to sell the property after a federal court judge denied a motion to appoint an independent trustee for the debtor or dismiss the case… Link to Story
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Municipal Bond Credit Report: Bankrupt public hospital in California inks deal with private operator
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A bankrupt public hospital in California is near a deal with a private operator that officials hope can keep the facility open… Link to Story
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Municipal Bond Credit Report: Cooler July Inflation Opens Door to Fed Pause on Rates
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Price pressures continued cooling last month, fresh inflation figures showed, likely deterring the Federal Reserve from raising interest rates at its September meeting… Link to Story
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Municipal Bond Credit Report: Iowa hospital’s ‘financial freefall’ sparks move to seek receiver
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Financial woes at an Iowa hospital led a major bondholder and a bond trustee to state court seeking the appointment of a receiver for the facility, while they demand the immediate payment of principal and interest in the wake of default events…. Link to Story
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Municipal Bond Credit Report: North Carolina town may regain its fiscal autonomy, commission hears
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Robersonville, North Carolina, has fixed its financial and operational shortcomings and could regain control of its finances in the near future, members of the state Local Government Commission were told at their monthly meeting on Tuesday… Link to Story
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Municipal Bond Credit Report: Another payment miss expected for grant-backed American Dream bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Municipal bonds issued for the American Dream mega mall that are backed by New Jersey economic development grants are poised to miss their third straight interest payment Tuesday, according to a person familiar with the matter… Link to Story
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Municipal Bond Credit Report: Revenues weakened, but states remain resilient
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Although the mix of ultra conservative budgeting, the unexpected revenue growth and federal funding states received at the height of the pandemic are in the rear-view mirror, Fitch Ratings says most states continue to fare well… Link to Story
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Municipal Bond Credit Report: America’s Fiscal Time Bomb Ticks Even Louder
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: “Everybody who reads the newspaper knows that the United States has a very serious long-term fiscal problem.”… Link to Story
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Municipal Bond Credit Report: Southwest states cope with volatile oil, gas tax revenue
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Abundant oil and natural gas-related taxes continue to flow into the coffers of Southwest states, which are positioned to weather volatile energy prices amid slower growth in overall tax revenue… Link to Story