Category: Municipal Bond Credit Report
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Municipal Bond Credit Report: GDPNow Latest estimate: 3.9 percent — April 26, 2024
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The initial GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 3.9 percent on April 26. The initial estimate of first-quarter real GDP growth released by the US Bureau of Economic Analysis on April 25 was 1.6 percent, 1.1 percentage points below…
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Municipal Bond Credit Report: Another small Vermont college, facing insolvency, will close
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Goddard College in Vermont became the latest small liberal arts school to close, joining a wave of institutions that have made such announcements in recent months… Link to Story
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Municipal Bond Credit Report: S&P affirms Texas charter schools’ rating in wake of conservatorship
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: S&P Global Ratings affirmed its A-minus underlying rating and negative outlook for Texas-based IDEA Public Schools, while warning of potential governance risk associated with the state’s appointment of conservators that could lead to a downgrade… Link to Story
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Municipal Bond Credit Report: Unsecured creditors resolve dispute with Preston Hollow in Iowa hospital bankruptcy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The bankruptcy of Iowa City’s Mercy Hospital is closer to an end with the resolution last week of a dispute between the committee of unsecured creditors, which had filed a complaint on March 25, and trustee Computershare Trust and bondholder representative Preston Hollow Community Capital. .. Link to Story
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Municipal Bond Credit Report: Legislation in Kentucky would let school districts issue their own GOs
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: In a move to help local schools across Kentucky deal with rising inflation and soaring building costs, the Legislature has passed a bill to let the districts directly issue general obligation bonds… Link to Story
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Municipal Bond Credit Report: Pennsylvania’s new school grant programs to address genuine ‘crisis’ in infrastructure
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Asbestos. Lead. Temperatures that reach 115 degrees. Cracks in the ceiling so big you can see the sky. All of these have been found in Pennsylvania’s public schools… Link to Story
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Municipal Bond Credit Report: South Carolina has $1.8 billion but doesn’t know where the money came from or where it should go
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: South Carolina has collected about $1.8 billion in a bank account over the past decade and state and private accountants are still trying to figure out where the cash came from and where it was supposed to go… Link to Story
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Municipal Bond Credit Report: Can the next generation solve Chicago’s pension crisis?
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: There’s a lot more than $10,000 at stake in the University of Chicago Harris School of Public Policy’s 2024 Policy Innovation Challenge, but that’s what the winning team of students will take home, along with a chance to influence decision-making on the Gordian knot of Chicago policy questions: public pensions… Link…
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Municipal Bond Credit Report: Rating agencies and investors weigh Baltimore bridge collapse
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Investors and credit rating agencies are weighing how much effect the collapse of the Francis Scott Key bridge in Baltimore’s inner harbor will have on the local economy and logistics on the East Coast, though early indications suggest no drastic credit impact… Link to Story
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Municipal Bond Credit Report: NASRA Issue Brief – Public Pension Plan Investment Return Assumptions
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Because investment earnings account for most of the revenue for a typical public pension fund, the accuracy of the return assumption has a major effect on a plan’s finances and actuarial funding level… Link to Story