Category: Municipal Bond Credit Report
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Municipal Bond Credit Report: New pensions law puts Chicago in a bind
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois Gov. JB Pritzker on Friday signed pension legislation that will put Chicago on the hook for an additional $60 million in its fiscal 2026 budget, rising to $750 million in 2055, for a total of $11 billion over the next 30 years… Link to Story
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Municipal Bond Credit Report: Brown University secures private loan after warning of financial pressure
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Brown University took out another private loan, securing a $500 million agreement after the Ivy League school warned of “deep financial challenges.”… Link to Story
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Municipal Bond Credit Report: City Of Orange Facing Bankruptcy Without Major Changes, Study Warns
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Orange City Council members have been warned by their accounting consultants that the city could face bankruptcy in three years without significant changes. The warning came from Grant Thornton, a consulting firm hired by the city, during a council meeting on July 22… Link to Story
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Municipal Bond Credit Report: Jefferson Parish loses its bond rating
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Jefferson Parish has lost its bond rating with major credit rating agencies… Link to Story
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Municipal Bond Credit Report: GDPNow – Latest estimate: 2.4 percent — July 25, 2025
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 2.4 percent on July 25, unchanged from July 18 after rounding… Link to Story
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Municipal Bond Credit Report: Sale of defunct New York college’s campus gets bondholders 50% return
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A group of local residents in upstate New York is planning to buy the shuttered Cazenovia College campus for $9.5 million — a sum that, when combined with other funds, is estimated to give the college’s bondholders a recovery rate of just over 50%… Link to Story
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Municipal Bond Credit Report: Brightline investors on alert after company defers interest payment
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Veteran bondholders of Brightline Florida train bonds say they’re in wait-and-see mode while the company attempts to secure equity and possibly float new debt after it deferred interest payments due Tuesday… Link to Story
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Municipal Bond Credit Report: State imposes tax hike to keep New Jersey school system out of bankruptcy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A New Jersey school district will likely avoid filing for bankruptcy after the state passed a budget that raised property taxes… Link to Story
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Municipal Bond Credit Report: Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Jamie Dimon says Wall Street’s hottest trend is a recipe for a financial crisis, but he’s investing billions to get in on it anyway. His plan: swoop in strategically and profit if there’s a meltdown… Link to Story
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Municipal Bond Credit Report: Illinois shopping center’s defaults underscore unrated bond risks
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The continuing struggles of bonds issued 18 years ago to finance a shopping center in the far reaches of Chicago’s suburbs underscore the risks in the unrated and land-secured debt sectors… Link to Story