Author: Geoff Weitzel
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Municipal Bond Credit Report: Soaring Energy Prices Raise Concerns About U.S. Inflation, Economy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. economy is facing a new threat: rising energy prices. Crude oil has risen 64% this year to a seven-year high. Natural-gas prices have roughly doubled over the past six months to a seven-year high. Heating oil has risen 68% this year. Prices at the pump are up nearly a…
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Municipal Bond Credit Report: IMF Cuts Global Growth Forecast Amid Supply-Chain Disruptions, Pandemic Pressures
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The International Monetary Fund lowered its growth forecast for the world economy for this year, citing supply-chain disruptions in rich economies and global-health concerns caused by the spread of the contagious Covid-19 Delta variant… Link to Story
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Municipal Bond Credit Report: Ferguson, Missouri, rating lifted out of junk seven years after police shooting
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Ferguson, Missouri, won back an investment grade rating from Moody’s Investors Service six years after losing it over fiscal strains created after a white city police officer shot a Black man to death in 2014 and spurred weeks of protests and unrest… Link to Story
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Municipal Bond Credit Report: U.S. Economy Is Expected to Pick Up Speed After Delta-Driven Downturn
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Delta variant of Covid-19 appeared to temper economic growth this summer, but economists expect the recovery from the pandemic to reaccelerate as the virus’s toll eases… Link to Story
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Municipal Bond Credit Report: U.S. Jobless Claims Have Remained Near Pandemic Lows in September
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New applications for unemployment benefits are trending this month near the lowest levels of the pandemic, as employers continue to limit layoffs during Covid-19’s latest surge driven by the Delta variant… Link to Story
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Municipal Bond Credit Report: Powell Says Supply-Chain Bottlenecks Could Lead to Somewhat Longer Interval of High Inflation
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve Chairman Jerome Powell said that a recent spell of higher inflation might last longer than central bank officials had anticipated, but he repeated his expectation that the price surge should eventually fade during a panel discussion on Wednesday… Link to Story
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Municipal Bond Credit Report: East Moline, Illinois, draws downgrade as it turns to pension obligation bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois municipalities eyeing pension obligation bonds to deal with the strain of public safety contributions received a shot across the ratings bow this week as Moody’s Investors Service cut East Moline’s rating by two notches as it preps a POB… Link to Story
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Municipal Bond Credit Report: Texas credits still feel chill from February freeze
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The cost of a February freeze that caused widespread blackouts in Texas and claimed more than 200 lives continues to weigh on bond issues for electric power, rating reports indicate…. Link to Story
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Municipal Bond Credit Report: Nevada rating outlook revised upward to stable by Fitch Ratings
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Fitch Ratings revised Nevada’s outlook to stable from negative Wednesday and affirmed its AA-plus issuer default rating… Link to Story
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Municipal Bond Credit Report: Rating outlooks rise for Hawaii ahead of $1.9 billion taxable GO sale
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Hawaii received two outlook boosts ahead of plans to price $1.9 billion in taxable general obligation bonds… Link to Story