Author: Geoff Weitzel
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Municipal Bond Credit Report: U.S. Activity Loses Pace at Start of Year
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. economic activity expanded at a slower pace at the start of the year, despite signs of recovery in the factory sector… Link to Story
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Municipal Bond Credit Report: U.S. Homes Sales in 2024 Fell to Lowest Level in Nearly 30 Years
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. existing-home sales fell in 2024 to the lowest level since 1995, the second straight year of anemic sales due to stubbornly high mortgage rates… Link to Story
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Municipal Bond Credit Report: Chicago receives S&P downgrade to BBB
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: S&P Global Ratings downgraded Chicago’s general obligation debt to BBB from BBB-plus Tuesday, saying the city’s 2025 budget fails to address a persistent structural imbalance… Link to Story
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Municipal Bond Credit Report: Amid payment disputes by tobacco giants, Ohio makes reserve draw
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Less than five years after Ohio restructured the credit to avoid a default, the Buckeye Tobacco Settlement Financing Authority needed a debt service reserve draw to pay holders of its tobacco settlement securitization bonds… Link to Story
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Municipal Bond Credit Report: L.A. fire loss estimated at $20 billion in early figures
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: As Los Angeles battles wildfires, Mayor Karen Bass is being criticized for the roughly $17 million in cuts made to the Los Angeles Fire Department’s budget… Link to Story
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Municipal Bond Credit Report: Proton facilities default on payments
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The new year rang in fresh signs of distress at a pair of long-struggling cancer treatment centers in Maryland and Arkansas financed with bonds through Wisconsin’s conduit issuer the Public Finance Authority… Link to Story
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Municipal Bond Credit Report: GDPNow – Latest estimate: 2.4 percent — January 03, 2025
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 2.4 percent on January 3, down from 2.6 percent on January 2… Link to Story
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Municipal Bond Credit Report: Wood pellets burn Enviva muni bondholders in bankruptcy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Enviva, Inc. is the latest corporate bankruptcy to give a massive haircut to holders of municipal private activity bonds issued to fund green technology projects… Link to Story
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Municipal Bond Credit Report: Colorado metro district technical defaults accelerate
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A flurry of first time and repeated technical bond defaults by Colorado metropolitan districts in December is raising concerns about the debt, which finances public infrastructure such as roads, sewers, parks, and recreation centers for housing developments through property taxes levied on new tracts… Link to Story
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Municipal Bond Credit Report: New Georgia property tax limits may strain school districts and counties
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Property tax limits embedded in a new Georgia law and constitutional amendment may financially squeeze school districts, city governments and county governments over time, analysts say… Link to Story