Author: Geoff Weitzel
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Municipal Bond Credit Report: North Las Vegas ratings continue upward trend with Fitch boost
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: North Las Vegas, Nevada, received a two-notch bump from Fitch Ratings Wednesday to BBB-plus from BBB-minus furthering the city’s upward ratings trend that began in 2018… Link to Story
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Municipal Bond Credit Report: California in a league of its own for delinquent financial reporting
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The calendar has flipped to 2022 and California’s state government stands in a league of its own, for the wrong reason… Link to Story
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Municipal Bond Credit Report: New year, new default for a troubled suburban Chicago hotel
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A suburban Chicago hotel and conference center’s COVID-induced struggles led to a fresh default on its restructured bonds this month… Link to Story
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Municipal Bond Credit Report: California’s tardy ACFRs may hurt ratings, affect federal funding
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California got dinged by the state auditor in a Tuesday report for filing its audited financial statements late for the third year running, which the auditor said could have rating implications or make it difficult to qualify for federal funds… Link to Story
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Municipal Bond Credit Report: Illinois cuts final check to repay Fed’s MLF loan
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois paid off the remaining $302 million owed to the U.S. Department of Treasury on a $2.175 billion Federal Reserve Municipal Liquidity Facility loan due in December 2023… Link to Story
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Municipal Bond Credit Report: Jobs Report Likely Keeps Fed on Track for Rate Rise in March
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Another decline in the unemployment rate in December is likely to keep Federal Reserve officials on track to lift interest rates from near zero as soon as their policy meeting in March… Link to Story
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Municipal Bond Credit Report: Hiring Hit Record Despite December Slowdown
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Hiring slowed in December in a sign the economic recovery was moderating ahead of disruptions from the Omicron variant of Covid-19, though declining unemployment and robust wage growth indicate employers are poised to steadily add jobs this year… Link to Story
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Municipal Bond Credit Report: Nevada on the verge of record gaming year after 2020 doldrums
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Gaming revenues, a major economic driver for Nevada and Clark County, are exceeding expectations… Link to Story
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Municipal Bond Credit Report: Fitch Ratings raises Chicago Board of Education GOs to BB-plus
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Fitch Ratings Wednesday upgraded the Chicago Board of Education’s issuer default rating and outstanding unlimited tax general obligation bonds to BB-plus from BB and the CBOE’s outstanding dedicated capital improvement tax bonds to A from A-minus… Link to Story
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Municipal Bond Credit Report: Covid-19, Inflation Make a Mess Out of Predictions
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Every year the World Economic Forum asks business, political and thought leaders to rank the biggest risks in the coming year or two. At the start of 2020, infectious disease didn’t make the list. Covid-19 became the most disruptive pandemic in a century. At the start of this year, inflation didn’t…