Author: Geoff Weitzel
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Municipal Bond Credit Report: Investor sentiment about local government borrowers recovering but mixed
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: While investor interest in local government debt remains on the mend after bottoming out late last year, some cities are faring better than others, according to University of Chicago Center for Municipal Finance data… Link to Story
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Municipal Bond Credit Report: GO rating fallout over event defaults on unrated bonds draws market scrutiny
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: S&P Global Ratings’ seven-notch downgrade of a Chicago suburb’s full faith and credit pledge over default events on unrated revenue bonds casts a spotlight on management and governance factors and the risks they pose to the value of general obligation bonds… Link to Story
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Municipal Bond Credit Report: S&P upgrade lifts Illinois into single-A category
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: S&P Global Ratings upgraded Illinois by one notch Thursday for ongoing progress in chipping away at its debts and rebuilding its rainy day fund… Link to Story
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Municipal Bond Credit Report: Inflation Edged Higher, Consumer Spending Jumped in January
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Inflation firmed and consumers stepped up spending in January, likely leaving the Federal Reserve on track to keep raising interest rates in coming months to cool price pressures… Link to Story
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Municipal Bond Credit Report: Office Landlord Defaults are Escalating
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The number of big office landlords defaulting on their loans is on the rise, fresh evidence that more developers believe that remote and hybrid work habits have permanently impaired the office market… Link to Story
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Municipal Bond Credit Report: American Dream mall sued by construction creditors
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The American Dream Mall is being sued by a group of junior lenders of private loans that helped finance the construction of the $5 billion shopping complex in New Jersey, according to documents filed on Feb. 7 with the New York State Supreme Court… Link to Story
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Municipal Bond Credit Report: Action taken to boost capacity of Texas school bond guarantee program
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A nearly depleted triple-A-rated school bond guarantee program in Texas will get a huge capacity increase after the state board of education lowered the amount set aside for a reserve… Link to Story
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Municipal Bond Credit Report: Florida Legislature hands the renamed Reedy Creek district to DeSantis
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Florida Legislature concluded its special session on Friday and passed new laws that renamed the Reedy Creek Improvement District and put its control in the hands of Gov. Ron DeSantis… Link to Story
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Municipal Bond Credit Report: Inflation Report Keeps Fed on Track to Continue Rate Increases
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Tuesday’s strong inflation report is likely to keep Federal Reserve officials on track to raise interest rates at their meeting in March and to signal that further increases will be likely… Link to Story
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Municipal Bond Credit Report: Special session of Florida Legislature deals with Disney’s Reedy Creek district
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Florida Legislature began a special session Monday to deal with a host of outstanding issues that include implementing the dissolution of a special district that serves Walt Disney Company properties in central Florida, including its iconic theme parks… Link to Story