Author: Geoff Weitzel
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Municipal Bond Credit Report: American Dream mall misses another debt payment
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The developers of the American Dream mall in East Rutherford, New Jersey, have missed another scheduled debt service payment on the bonds issued to bankroll its construction… Link to Story
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Municipal Bond Credit Report: S&P slashes Chicago suburb’s GO rating over default event on unrated bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Bolingbrook, Illinois, was downgraded seven notches by S&P Global Ratings, which cited the Chicago suburb’s unwillingness to cover shortages on unrated sales tax revenue bonds as a management and governance risk… Link to Story
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Municipal Bond Credit Report: Illinois reverses decade-long fiscal tide in interim 2022 audit
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois chipped away at its long-term obligations in fiscal 2022 with healthy tax revenue growth and federal funds allowing the state to halt a decade long dive deep into negative territory, according to a recently published interim audit… Link to Story
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Municipal Bond Credit Report: Judge confirms bankruptcy exit plan for former Texas senior living operator
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The former operator of three Dallas-area senior living communities received federal court approval Monday for its bankruptcy liquidation plan, which will leave bondholders impaired… Link to Story
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Municipal Bond Credit Report: Unemployment Falls to 3.4%, Lowest in 53 Years, Jobs Report Shows
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. economy accelerated at the start of the year as broad-based January hiring added a robust 517,000 jobs and pushed the unemployment rate to a 53-year low… Link to Story
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Municipal Bond Credit Report: South Carolina county bonds to fund private water utility buyout
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: York County, South Carolina, priced $24.6 million of revenue bonds Wednesday to recoup costs incurred by the county to take over of a private water utility operation… Link to Story
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Municipal Bond Credit Report: Miami-Dade County, city expect bright economic future
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The city of Miami and the county of Miami-Dade continue to rebound from the pandemic with unprecedented economic growth coupled with record low unemployment rates… Link to Story
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Municipal Bond Credit Report: Public power opponents get anti-debt measure on Maine ballot
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Voters in Maine will face dueling referendums in November after a proposal requiring voter approval for large government debt expenditures garnered enough petition signatures to put it on the ballot, almost two months after rival campaigners succeeded in doing the same… Link to Story
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Municipal Bond Credit Report: Moody’s upgrades non-ad valorem debt of 41 Florida issuers
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s Investors Service has upgraded the non-ad valorem debt of 41 Florida issuers. This action concludes a review that was initiated on November 3, 2022 in conjunction with the release of the US Cities and Counties Methodology. The City of North Port, FL’s non-ad valorem rating will remain on review for…
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Municipal Bond Credit Report: Legacy Cares falls into payment default on Arizona sports park bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The nonprofit developer of a massive participant sports venue in Arizona missed its January bond payment — by a mile… Link to Story