Author: Geoff Weitzel
-
Municipal Bond Credit Report: Junk-rated New Jersey university to merge with another state school
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A financially stressed state university in Jersey City is poised to merge with a larger New Jersey state school after persistent budget shortfalls made its future unsustainable. .. Link to Story
-
Municipal Bond Credit Report: Illinois’ 2023 ACFR may become latest ever filed by state
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois’ Annual Comprehensive Financial Report for fiscal year 2023 is threatening to break California’s record for latest audit, having recently passed 600 days since that fiscal year ended, according to data on audit times… Link to Story
-
Municipal Bond Credit Report: Defaulted Florida mine project put into receivership
Categories: UncategorizedMunicipal Bond Credit Report: A Florida mining project that defaulted on its municipal bonds was put into receivership. The United States District Court for the Middle District of Florida appointed Lighthouse Management Group, Inc., to be the receiver for the project… Link to Story
-
Municipal Bond Credit Report: Residents of bankrupt N.Y. senior home face big losses in private equity deal
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Residents owed $130 million after their senior living community went bankrupt are poised to suffer big losses but won’t be left empty-handed under a sale agreement approved by a New York federal court… Link to Story
-
Municipal Bond Credit Report: Texas school finances strained by stagnant state funding
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Stagnant state funding and rising costs are reducing budget flexibility for Texas school districts, according to a report released this week by Moody’s Ratings… Link to Story
-
Municipal Bond Credit Report: Dysfunction cited as state government takes over a Texas school district
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Texas Education Agency replaced the entire leadership of the South San Antonio Independent School District… Link to Story
-
Municipal Bond Credit Report: Home Sales Fell 4.9% in January, Extending Slump in Housing Market
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Sales of existing homes fell in January, starting the year on a down note after two consecutive years of extremely sluggish sales… Link to Story
-
Municipal Bond Credit Report: Defaulting Alabama hospital starts bankruptcy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Jackson Hospital and Clinic of Montgomery, Alabama, has entered Chapter 11 bankruptcy, affecting $61 million of bond debt it defaulted on in September… Link to Story
-
Municipal Bond Credit Report: Bondholders outweigh elderly residents in Long Island CCRC bankruptcy
Categories: UncategorizedMunicipal Bond Credit Report: Terie Gelberg has lived at the Harborside, a retirement community on Long Island’s North Shore, for almost two decades. It was supposed to be the last home for the 99-year-old wheelchair user with memory issues, but plans to sell the bankrupt municipal bond financed facility to a private equity firm threaten…
-
Municipal Bond Credit Report: Impacts of hurricanes Helene, Milton linger in Southeast
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The recovery of Florida, North Carolina, and Tennessee local governments and utilities from hurricanes Helene and Milton continues but the outlook for next season and beyond is troubling… Link to Story