Author: Geoff Weitzel
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Municipal Bond Credit Report: Moody’s upgrades $2 billion of MEAG nuclear project bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s Investors Service upgraded the Municipal Electric Authority of Georgia’s $2.1 billion of Plant Vogtle Units 3&4 Project J Bonds to A3 from Baa1… Link to Story
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Municipal Bond Credit Report: Mortgage Rates Surge to Highest Since 2018
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The average rate for a 30-year fixed-rate loan jumped to 4.67%, mortgage-finance giant Freddie Mac said Thursday, marking the weekly figure’s highest reading since December 2018… Link to Story
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Municipal Bond Credit Report: U.S. Inflation Rises to 40-Year Peak in February by Fed’s Preferred Measure
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Inflation reached a new 40-year peak in February, according to the Federal Reserve’s preferred gauge, buoyed in part by a surge in oil prices related to Russia’s invasion of Ukraine combined with other supply problems and strong U.S. consumer demand… Link to Story
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Municipal Bond Credit Report: U.S. Consumer Spending Growth Slowed in February to 0.2%
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Americans increased their spending at a cooler pace in February, as the Omicron surge of Covid-19 eased but inflation remained high amid Russia’s invasion of Ukraine… Link to Story
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Municipal Bond Credit Report: Hospital Deal Gone Bust Puts Real-Estate Firm in Spotlight
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A group of investors bought this small city’s only hospital in late 2019. To pay for the deal, its buildings and land were sold to one of the country’s largest owners of medical properties. Two years later the hospital went bankrupt… Link to Story
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Municipal Bond Credit Report: Judge clears way for vote on Oklahoma hospital’s bankruptcy exit plan
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Bondholders will vote on a Chapter 9 bankruptcy exit plan for a rural Oklahoma hospital authority after a federal judge on Wednesday approved a key document in the case… Link to Story
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Municipal Bond Credit Report: N.Y. pension funds applaud SEC plan on corporate climate disclosure
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New York’s top financial stewards have praised the Securities and Exchange Commission’s proposed rule to require companies to disclose climate-related financial risk… Link to Story
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Municipal Bond Credit Report: Powell Says Fed Will Consider More-Aggressive Interest-Rate Increases to Reduce Inflation
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve Chairman Jerome Powell said the central bank was prepared to raise interest rates in half-percentage-point steps and high enough to deliberately slow the economy if it concluded such steps were warranted to bring down inflation… Link to Story
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Municipal Bond Credit Report: Gas Prices Shoot Up at Fastest Rate on Record
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: As summer driving season approaches, average prices for regular gasoline have been at record highs the past two weeks after going up for 11 straight weeks. Prices reached $4.32 a gallon on March 14, according to weekly figures from the U.S. Energy Information Administration. They were $4.24 this past week, according…
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Municipal Bond Credit Report: U.S. Jobless Claims Fall in Tight Labor Market
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New applications for unemployment benefits in the U.S. fell last week to historic lows as employers held on to their workers in the midst of a labor shortage… Link to Story