Category: Municipal Bond Credit Report
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Municipal Bond Credit Report: GDPNow Latest estimate: 2.5 percent — August 01, 2024
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.5 percent on August 1, down from 2.8 percent on July 26… Link to Story
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Municipal Bond Credit Report: California achieved a balanced FY25 budget, but outyear issues remain
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California’s fiscal 2025 budget dealt with the revenue gap that emerged in fiscal 2024, but further actions will be needed to achieve fiscal balance in out years, according to a Fitch Ratings commentary… Link to Story
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Municipal Bond Credit Report: Transit’s fiscal cliff is here. Which systems will go over the edge?
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. transit systems may not always offer accurate forecasts for when their trains will arrive, but for years, the country’s largest transit agencies have made one very solid prediction: they will run out of money in fiscal 2025… Link to Story
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Municipal Bond Credit Report: Midwest Christian Villages files for Chapter 11
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Senior-living facilities operator Midwest Christian Villages — which does business as Christian Horizons and has issued bonds through the Illinois Financial Authority and the Health and Educational Facilities Authority of Missouri as Christian Homes, Inc. — filed for Chapter 11 bankruptcy last week… Link to Story
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Municipal Bond Credit Report: U.S. Inflation Data Keeps Door Open For September Interest Rate Cut
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. inflation broadly met expectations and remained above target in June, keeping alive the prospect of interest rates declining later this year… Link to Story
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Municipal Bond Credit Report: States are on a budget cutting trend
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. states are expected to cut their budgets, marking a return to more modest levels of spending after years of stimulus-fueled growth and tax cuts… Link to Story
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Municipal Bond Credit Report: Future still murky for public pensions despite record funding ratios
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: State and municipal retirements system are on track this year to outperform their investment targets from last year and push up the funded ratio, according to Equable, a non-profit that works with public retirement system stakeholders to solve pension funding challenges… Link to Story
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Municipal Bond Credit Report: GDPNow – Latest estimate: 2.7 percent — July 17, 2024
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 2024 is 2.7 percent on July 17, up from 2.5 percent on July 16… Link to Story
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Municipal Bond Credit Report: Real-Estate Meltdown Strains Even the Safest Office Bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Defaults are mounting in a favorite Wall Street mortgage-bond investment, setting off fresh alarms about the future of offices and malls in cities across the U.S… Link to Story
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Municipal Bond Credit Report: Illinois reports paying its bills on time and in full
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Illinois state comptroller reported a 55% year-over-year increase in the end-of-year general revenue fund cash balance as her office paid the state’s bills in a timely manner, a departure from recent years when the state’s unpaid bill backlogs topped $10 billion… Link to Story