Author: Geoff Weitzel
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Municipal Bond Credit Report: Detroit inches closer to investment grade with Moody’s upgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Detroit’s post-Chapter 9 fiscal progress despite the COVID-19 pandemic’s revenue blows drew an upgrade from Moody’s Investors Service that moves the city two notches away from investment grade… Link to Story
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Municipal Bond Credit Report: Inflation Reached 7.9% in February; Consumer Prices Are the Highest in 40 Years
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Rising energy, food and services prices pushed already elevated U.S. inflation to a 7.9% annual rate last month—another four-decade high—with oil and commodity market disruptions from the Ukraine crisis expected to add more cost pressures… Link to Story
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Municipal Bond Credit Report: War in Ukraine Fans the Flames of Global Inflation
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: From the Russian Revolution to Vietnam, war has been a reliable precursor to inflation. History may be about to repeat as Russia’s invasion of Ukraine tilts the balance of global political and economic forces toward higher inflation… Link to Story
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Municipal Bond Credit Report: Moody’s upgrades New Jersey GOs to A2
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s Investors Service upgraded New Jersey to A2 from A3 Wednesday… Link to Story
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Municipal Bond Credit Report: Chicago Public Schools inches closer to investment grade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago Public Schools drew an upgrade from Moody’s Investors Service Thursday as a flood of federal relief and rising state aid levels have buoyed the district’s balance sheet… Link to Story
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Municipal Bond Credit Report: February Jobs Report Keeps Fed on Track to Lift Rates
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The February jobs report is likely to do little to alter the Federal Reserve’s plans to raise interest rates in two weeks, but a continued run of strong hiring points to further increases in borrowing costs this spring… Link to Story
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Municipal Bond Credit Report: February Hiring Strongest Since Summer; Unemployment Falls to Pandemic Low
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. economy posted the strongest job growth in seven months in February and the unemployment rate fell to the lowest level since the pandemic, signs of a strong labor market ahead of a pivotal Federal Reserve meeting… Link to Story
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Municipal Bond Credit Report: Stadium agency’s looming hotel tax shortfall puts Chicago on the spot
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Illinois Sports Facilities Authority projects a nearly $30 million shortfall in hotel tax revenues needed to repay a state advance for debt service on Soldier Field bonds, and Chicago will have to cover the gap absent other mitigation actions… Link to Story
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Municipal Bond Credit Report: Managers of local Illinois police pension consolidation seek delay amid litigation
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The new Illinois fund set up to manage the assets of suburban Chicago and downstate police pension funds would get an extra year to complete the consolidation under legislation being pursued by the fund that says it can’t meet a June 30 deadline… Link to Story
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Municipal Bond Credit Report: Inflation Raises Expenses for Pension Funds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Rising inflation is driving up expenses for many large U.S. pension funds that have promised retirees cost-of-living raises… Link to Story