Author: Geoff Weitzel
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Municipal Bond Credit Report: Michigan township hack spells bigger cybersecurity troubles for munis
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A recent hack of a Michigan township should spur the public finance industry to better understand and prepare for cybersecurity threats as hackers become more sophisticated. It also signals the industry needs a unified approach to disclosing those threats and to prepare for a higher price tag of insuring against them……
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Municipal Bond Credit Report: Florida bond fight continues three years after debt was validated
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Florida agency that offers PACE financing to property owners is at the center of a legal dispute that it says could catastrophically undermine the finality of all Florida bond validations… Link to Story
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Municipal Bond Credit Report: How Pennsylvania shrank Act 47 program for distressed municipalities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: There was a time when it seemed like a Pennsylvania city or town could stay distressed forever. Clairton, a city on the outskirts of Pittsburgh, entered the commonwealth’s distressed municipalities program in 1988, and didn’t leave until 2015. .. Link to Story
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Municipal Bond Credit Report: New Jersey’s weakest municipalities are on the mend
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The lowest-rated cohort of New Jersey municipalities are on a trend of strengthening finances, according to a report from Moody’s Ratings… Link to Story
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Municipal Bond Credit Report: Ten years after: Detroit’s decade after leaving Chapter 9
Categories: UncategorizedMunicipal Bond Credit Report: Wednesday marks the 10-year anniversary of Detroit’s exit from bankruptcy. Its Chapter 9 declaration in July 2013 was the largest municipal bankruptcy in U.S. history, and Detroit’s comeback saga has been just as dramatic… Link to Story
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Municipal Bond Credit Report: Loan with 24% rate a ‘necessary evil’ for historically Black college to stay afloat
Categories: UncategorizedMunicipal Bond Credit Report: A controversial, high interest-rate loan is helping one of the oldest historically Black colleges in the country, Saint Augustine’s University, stay afloat – for now… Link to Story
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Municipal Bond Credit Report: Spirit Airlines bankruptcy won’t impact airport ratings
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Spirit Airlines’ bankruptcy will not affect bond ratings for Nevada, Florida and South Carolina airports, according to a Fitch Ratings commentary… Link to Story
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Municipal Bond Credit Report: Defaulted Alabama hospital to get bridge loans from bondholders
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The defaulted issuer Jackson Hospital & Clinic of Birmingham, Alabama, is set to receive bridge loans from some of the holders of its bonds… Link to Story
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Municipal Bond Credit Report: The tangled tale of a troubled town’s water authority
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Chester Water Authority traces its origins back to 1868, when it was created as a private entity to provide water to Chester, Pennsylvania’s residents. The Chester Water Service Company, as it was then known, continued to operate privately until, in 1939, when residents complained of “foul tasting, odiferous water.” Chester…
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Municipal Bond Credit Report: Headwinds buffet California’s public university systems
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The volatility in California’s state tax and revenue structure has its two massive public university systems scrambling… Link to Story