Author: Geoff Weitzel
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Municipal Bond Credit Report: Texas launches its long-sought takeover of Houston schools
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The largest public school system in Texas will be run by state-appointed managers starting later this year as part of a takeover announced Wednesday by the Texas Education Agency… Link to Story
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Municipal Bond Credit Report: Northeast leaders try to stem local fallout from Silicon Valley Bank failure
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Regional leaders in the Northeast kept up high-profile efforts to show support for local entities facing challenges after the failures of Silicon Valley Bank in California and Signature Bank in New York… Link to Story
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Municipal Bond Credit Report: Federal Reserve’s next move is unclear after bank failures
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Unlike recent Federal Open Market Committee meetings, where the market knew what to expect, this week’s could go one of several ways, analysts said… Link to Story
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Municipal Bond Credit Report: Credit Suisse Bond-Wipeout Threatens $250 Billion Market
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Credit Suisse Group AG’s CS -52.44%decrease; red down pointing triangle emergency merger with UBS Group AG UBS 4.62%increase; green up pointing triangle will wipe out the bank’s riskiest bonds, rattling investors in the quarter-trillion-dollar market for similar bank debt… Link to Story
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Municipal Bond Credit Report: Regulators Face Urgent Task to Stem Spread From Silicon Valley Bank
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Bank regulators raced over the weekend to avoid a broader crisis from Friday’s stunningly hasty collapse of Silicon Valley Bank by trying to sell the lender’s assets to shield the banking system and economy from wider fallout… Link to Story
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Municipal Bond Credit Report: U.S. Inflation Cooled in February as Fed Confronts Bank Failures
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Inflation eased in February but remained stubbornly high, presenting a challenge for the Federal Reserve as it confronts how to slow the economy with higher interest rates at the same time it moves to stem banking problems… Link to Story
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Municipal Bond Credit Report: California attorney general sues city for flouting state housing laws
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California Gov. Gavin Newsom and Attorney General Rob Bonta announced two lawsuits against the city of Huntington Beach for violating state housing laws during a Thursday press conference… Link to Story
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Municipal Bond Credit Report: Illinois Institute of Technology falls to junk on operating strains
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago-based Illinois Institute of Technology lost its investment grade rating over rapidly escalating operating deficits that are expected to persist through at least 2024, governance practices, a risky debt structure and concerns over whether capital investments will pay off… Link to Story
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Municipal Bond Credit Report: Fitch removes Reedy Creek bonds from negative watch; outlook now stable
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Fitch Ratings Thursday removed the formerly Disney-controlled Reedy Creek Improvement District, Florida, from rating watch negative and assigned a stable rating outlook to its successor entity… Link to Story
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Municipal Bond Credit Report: New Jersey borough sues American Dream Mall for PILOT payments
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The municipality that is home to the American Dream mall in New Jersey is suing its operator, saying it failed to make agreed upon payments in lieu of taxes… Link to Story