Author: Geoff Weitzel
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Municipal Bond Credit Report: Banking Problems May Be Tip of Debt Iceberg
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The biggest question facing the economy lately has been: How bad will the banking turmoil be? Though two U.S. banks failed a month ago, and a third is still struggling, emergency lending by the Federal Reserve seems to have prevented broader harm… Link to Story
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Municipal Bond Credit Report: Fed Rethinks Loophole That Masked Losses on SVB’s Securities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve is actively considering closing a loophole that allows some midsize banks to effectively mask losses on securities they hold, a contributing factor in the collapse of Silicon Valley Bank… Link to Story
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Municipal Bond Credit Report: Late audited government financials problem grows worse
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The median time the municipal sector took to produce audited comprehensive financial statements worsened by 13%, jumping to 166 days in 2021, compared to 147 days in 2010, a 19-day increase… Link to Story
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Municipal Bond Credit Report: DeSantis’ duel with Disney reignites as Florida lawmakers near ESG vote
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: As Florida lawmakers prepare to banish the letters ESG from their municipal bond lexicon, the once simmering feud between Gov. Ron DeSantis and the Walt Disney Co. boiled over into a public fight once again… Link to Story
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Municipal Bond Credit Report: Florida Senate bill amendment targets Disney developer agreement
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Reedy Creek Improvement District is the 39-square-mile governing jurisdiction and special taxing district created in 1968 for Walt Disney World Resort’s land that acts with the same authority and responsibility as a county government.. Link to Story
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Municipal Bond Credit Report: New Jersey gets its third credit ratings upgrade within a week
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: They say the third time’s a charm — and that must be true in the Garden State, where for the third time in less than a week, New Jersey received a credit rating upgraded… Link to Story
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Municipal Bond Credit Report: Chicago tweaks to water and sewer bonds draw upgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago’s revisions to its water and wastewater credit features drew an upgrade as the city prepares a nearly $1billion sale of water and wastewater revenue bonds next month ahead of Mayor Lori Lightfoot’s handover of power to Mayor-elect Brandon Johnson… Link to Story
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Municipal Bond Credit Report: Illinois’ rating upswing gives state’s public universities a boost
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois’ positive rating momentum and near-term budgetary commitment to raising higher education funding helped lift the University of Illinois’ and Illinois State University’s ratings… Link to Story
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Municipal Bond Credit Report: Fed Keeps May Interest-Rate Increase on Table Despite Expected Recession
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Stubbornly high inflation and tight labor markets led Federal Reserve officials to signal they could raise interest rates at their next meeting despite a greater likelihood of a recession later this year… Link to Story
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Municipal Bond Credit Report: Disney outmaneuvers DeSantis in clash over theme park special district
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Walt Disney Co. pushed through changes limiting the powers of the municipal authority that governs its Florida theme parks ahead of a controversial takeover by representatives of Gov. Ron DeSantis… Link to Story