Author: Geoff Weitzel
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Municipal Bond Credit Report: Puget Sound wastewater plants may need billions to meet state mandates
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: An effort to protect Puget Sound’s marine life has ignited a debate over a new environmental mandate that wastewater treatment plants say will cost billions and lacks clear science to back it up… Link to Story
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Municipal Bond Credit Report: Carvana Creditors Criticize Management, Gird for a Fight
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Investors in online used-car seller Carvana Co. say they are frustrated at how executives handled the company’s downturn and are anxious about being pushed aside in a restructuring that could potentially involve the chief executive’s father, the company’s biggest shareholder… Link to Story
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Municipal Bond Credit Report: Florida Developers Are Holding Off on Big Projects as Insurance Costs Surge
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: David Lynd, a San Antonio-based developer of large-scale apartment buildings, had been expanding his business in South Florida. But recently, he decided to put one of his new projects on hold… Link to Story
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Municipal Bond Credit Report: U.S. Government to Backstop Mortgages Above $1 Million Mark for First Time
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The federal government is about to backstop mortgages of more than $1 million for the first time in high-cost markets, such as parts of California and New York… Link to Story
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Municipal Bond Credit Report: The great American ‘homewashing’ is happening under our noses
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: This is about a $1 trillion government-sponsored enterprise built upon a myth — the myth of the American home. It is also about reform on the way. .. Link to Story
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Municipal Bond Credit Report: Sale of Oklahoma senior living facilities sought in bankruptcy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A non-profit Texas corporation that defaulted on bonds sold to purchase two senior living facilities in Oklahoma aims to sell those assets through its recent bankruptcy filing… Link to Story
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Municipal Bond Credit Report: Junk-Rated Companies Face Greater Downgrade Risks as Economy Slows
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: High-yield companies in the consumer goods, healthcare and entertainment industries are increasingly at risk of credit downgrades and even defaults as they battle rising interest rates and falling revenue, forcing some finance chiefs to consider alternative financing options… Link to Story
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Municipal Bond Credit Report: NYS pension fund at $233.2B despite -3.85% return
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Despite a negative return in the latest quarter, New York State’s retirement fund is “built to weather the ups and downs of the markets,” even with an investment environment termed “challenging,” according to New York State Comptroller Thomas DiNapoli… Link to Story
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Municipal Bond Credit Report: Milwaukee takes fresh rating hits over budgetary and pension pressures
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Fitch Ratings dropped Milwaukee’s general obligation rating by two notches and S&P Global Ratings cut it by one over rising budget strains amid limited revenue-raising prospects and both warned of further negative action that’s dependent on how the city tackles a looming pension funding spike. .. Link to Story
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Municipal Bond Credit Report: American Dream mall in New Jersey gets construction lender lifeline
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Triple Five, owner of the American Dream mall in New Jersey, has struck a deal with a group of creditors led by JP Morgan that grants the developer a four-year extension on overdue construction debt… Link to Story