Category: Municipal Bond Credit Report
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Municipal Bond Credit Report: Struggling Tower Health in Pennsylvania plans debt exchange
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Struggling Pennsylvania hospital chain Tower Health plans to exchange current debt and raise additional funds as it pursues a turnaround… Link to Story
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Municipal Bond Credit Report: U.S. Senate committee grapples with challenges facing rural hospitals
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Senate Finance Committee hearing led by Sen. Ron Wyden, D-Oregon, contemplated ways to smooth funding for rural hospitals as the number in the red has spiked in recent years… Link to Story
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Municipal Bond Credit Report: California governor hits the gas pedal on property insurance changes
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California Gov. Gavin Newsom is seeking to halt the trend of property insurers exiting the state, citing losses, by expediting how quickly they can increase rates… Link to Story
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Municipal Bond Credit Report: Slow, then slower: municipal bond issuer audit delays hit 12-year high
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The median audit time for all municipal bond sectors rose nearly 10.5% from 2011 to 2022, according to a new report from the University of Illinois-Chicago and Merritt Research Services… Link to Story
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Municipal Bond Credit Report: Bankruptcy snares municipal bonds for wood pellet operator
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Wood-pellet manufacturer Enviva Inc.’s bankruptcy has pushed $353 million of municipal bonds along with a wider $2.6 billion pot of debt into a Chapter 11 corporate reorganization… Link to Story
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Municipal Bond Credit Report: Sales increase at muni bond-financed New Jersey megamall
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Sales at New Jersey’s municipal bond-financed American Dream mega mall soared in the first quarter as consumers demonstrated continued demand following the busy holiday shopping period. .. Link to Story
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Municipal Bond Credit Report: Airports face fallout from Boeing’s manufacturing woes
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A production slowdown at aircraft maker Boeing after problems emerged in its 737 Max line is starting to impact airports, with Southwest Airlines recently announcing it is ending operations at three U.S. locations and cutting service in others… Link to Story
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Municipal Bond Credit Report: GDPNow Latest estimate: 3.3 percent — May 02, 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 3.3 percent on May 2, unchanged from May 1 after rounding… Link to Story
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Municipal Bond Credit Report: Slower Hiring Boosts Hopes of a Late-Summer Rate Cut
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Job growth slowed and unemployment ticked higher last month, marking a break from a string of data showing surprising strength in the labor market… Link to Story
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Municipal Bond Credit Report: California Supreme Court to revisit pension reform issues
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The California Supreme Court has granted review of a case challenging retirement reforms state lawmakers approved 11 years ago, marking a return of pension spiking questions to the high court for the first time since a 2020 ruling on an Alameda County case… Link to Story