Author: Geoff Weitzel
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Municipal Bond Credit Report: Bond-funded suburban Chicago hotel pays some overdue interest
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A suburban Chicago hotel and conference center working to get back on track from COVID-19-induced operating struggles made a partial payment on overdue interest owed to some holders of $142 million of restructured bonds… Link to Story
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Municipal Bond Credit Report: Florida jobless rate hits 16-year low
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Florida’s unemployment rate fell 0.1 percentage point to 2.5% in December, the lowest level since 2006, the state Department of Economic Opportunity reported Friday… Link to Story
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Municipal Bond Credit Report: With state guarantee tapped out, Texas school bonds must stand on their own
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: For the first time in more than a decade, Texas public school districts are heading to the municipal market to sell bonds without a cost-saving state credit enhancement… Link to Story
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Municipal Bond Credit Report: SEC hits Bloomberg with $5 million fine over bond valuation disclosure
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Bloomberg Finance LP will pay $5 million to settle charges from the Securities and Exchange Commission that the firm’s pricing service misled investors about its fixed-income bond valuations, the regulator announced Monday… Link to Story
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Municipal Bond Credit Report: Chicago puts local retail buyers at forefront of social bond sale launch
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago’s Sales Tax Securitization Corp. will take retail orders Wednesday on a long-planned issue that prioritizes local buyers on the city’s first bonds to carry a social bond designation and gives special consideration for environmental, social, and governance investors… Link to Story
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Municipal Bond Credit Report: Chicago Mayor Lori Lightfoot Faces Tough Re-Election Bid
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Mayor Lori Lightfoot is facing stiff competition from a large field of candidates in her re-election bid as Chicago tackles crime and the lingering economic fallout of the Covid-19 pandemic… Link to Story
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Municipal Bond Credit Report: Time of essence in proposed bond refinance of Arizona sports park
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Plans for a youth sports destination in Arizona to refinance its way out of financial trouble have yet to come to fruition, and the clock appears to be ticking… Link to Story
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Municipal Bond Credit Report: Downgrade leaves a San Francisco Bay-area college teetering above junk
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Moody’s Investors Service downgrade leaves St. Mary’s College of California with no breathing room above the speculative-grade rating category… Link to Story
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Municipal Bond Credit Report: U.S. Inflation Slowed for Sixth Straight Month in December
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. inflation eased in December for the sixth straight month following a mid-2022 peak as the Federal Reserve aggressively raised interest rates and the economy showed signs of cooling… Link to Story
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Municipal Bond Credit Report: Sales taxes drive record Texas budget surplus projection
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Texas is forecasting a record $32.7 billion budget surplus as a surge in sales taxes boosts the government’s revenue by billions more than what analysts had estimated… Link to Story