Author: Geoff Weitzel
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Municipal Bond Credit Report: S&P Global Agrees to Buy IHS Markit for About $44 Billion
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: S&P Global Inc. SPGI +1.78% agreed to acquire IHS Markit Ltd. INFO +7.17% for about $44 billion, the companies said Monday, a landmark deal that would combine two of the largest providers of data to Wall Street… Link to Story
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Municipal Bond Credit Report: Tower Health’s rapid expansion sends its finances into a tailspin
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Tower Health’s aggressive expansion, financed by a 2017 bond issue, has hampered the Pennsylvania nonprofit health system’s finances, and may be forced to sell some of its acquisitions… Link to Story
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Municipal Bond Credit Report: U.S. Unemployment Claims Rose to 778,000 Last Week
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Jobless claims rose for the second straight week, to 778,000, a sign the nationwide surge in virus cases was starting to weigh on the labor-market recovery… Link to Story
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Municipal Bond Credit Report: U.S. Consumer Spending Grows for Sixth Straight Month, Albeit Slower
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. economy is recovering at a sturdy but slowing pace heading into the holidays… Link to Story
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Municipal Bond Credit Report: U.S. Home-Price Growth Accelerated in September
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Home-price growth accelerated in September, as a widespread shortage of homes for sale spurred competition among home buyers… Link to Story
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Municipal Bond Credit Report: U.S. Found Not Liable for Puerto Rico Bond Losses
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. government isn’t liable for losses on $3 billion in Puerto Rico pension bonds, a federal judge said Monday, rejecting efforts to put U.S. taxpayers on the hook for compensating investors… Link to Story
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Municipal Bond Credit Report: U.S. Economic Activity Picks Up on Postelection Lift, Vaccine Results
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. economy continues to recover from the downturn caused by the coronavirus pandemic, according to business surveys that show services and manufacturing activity growing despite a rising number of infections… Link to Story
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Municipal Bond Credit Report: Chapter 11 deal between New Orleans archdiocese and bond trustee is rare
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Legal experts say an agreement the bond trustee struck with The Roman Catholic Church of the Archdiocese of New Orleans and the federal judge presiding over its Chapter 11 case to pay bondholders post-petition interest is a rare accomplishment in bankruptcy… Link to Story
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Municipal Bond Credit Report: UConn gets student fee revenue bond downgrade from Moody’s
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The University of Connecticut on Thursday received a hit from Moody’s Investors Service, which cited COVID-19 related pressures in downgrading the school’s student fee revenue bond rating to A1 from Aa3… Link to Story
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Municipal Bond Credit Report: Suffolk County, N.Y., downgraded amid coronavirus budget stress
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Just ahead of the expected approval of a 2021 budget, Suffolk County, New York, received its third rating downgrade this year… Link to Story