Category: Municipal Bond Credit Report
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Municipal Bond Credit Report: Attention BAB Issuers: Extraordinary Optional Redemption is Available
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: For more than 10 years, as the subsidy for direct payment Build America Bonds (BABs) has been less than originally promised due to sequestration, issuers have wondered if sequestration constituted an “extraordinary event” that would trigger their right to seek extraordinary optional redemption… Link to Story
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Municipal Bond Credit Report: Latest estimate: 2.9 percent — February 16, 2024
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2024 is 2.9 percent on February 16, unchanged from February 15… Link to Story
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Municipal Bond Credit Report: America’s Economy Slowed—It Probably Won’t Stumble
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. economy took a breather in January following brisk growth at the end of last year, but it remains fundamentally healthy. .. Link to Story
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Municipal Bond Credit Report: Midwest colleges face headwinds in a challenging time for higher ed
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Nearly half of America’s private colleges and universities reported negative operating margins in fiscal year 2023, and the situation was even worse in the Midwest, according to preliminary data compiled by Merritt Research Services… Link to Story
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Municipal Bond Credit Report: Plastics recycler’s Ohio subsidiary to buy out majority bondholders
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Florida-based plastics recycler PureCycle Technologies announced this week that its subsidiary, PureCycle: Ohio LLC, has agreed to buy out the majority holders of $219.55 million of outstanding private activity bonds tied to its Ironton, Ohio facility, the company’s first polypropylene purification plant… Link to Story
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Municipal Bond Credit Report: More Arizona agency conduit debt lands in bankruptcy court
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Another bankruptcy involving bonds issued through the Arizona Industrial Development Authority was filed Tuesday along with a pre-packaged exit plan that would result in bondholder ownership of a reorganized company… Link to Story
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Municipal Bond Credit Report: University of Arizona faces ‘difficult’ changes in effort to fix finances
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The University of Arizona’s fiscal problems will be solved over the next 18 to 36 months as system-wide changes are made, according to school officials who are under pressure from Gov. Katie Hobbs to take action… Link to Story
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Municipal Bond Credit Report: Barclays added to list of banks banned from Texas muni bond sales
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The list of investment banks no longer eligible to underwrite municipal bonds in Texas due to their lack of compliance with state laws aimed at protecting the fossil fuel and firearm industries grew on Friday with the addition of Barclays… Link to Story
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Municipal Bond Credit Report: Migrant care costs weigh on Denver’s safety net healthcare system
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Denver Health, Colorado’s sole safety net healthcare provider, is nearing a breaking point as an influx of migrants adds to escalating uncompensated care costs… Link to Story
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Municipal Bond Credit Report: Legal battle over Illinois pensions ends with consolidation upheld
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Illinois Supreme Court on Friday ended a three-year legal battle over the constitutionality of the pension consolidation passed by the General Assembly and signed into law by Gov. JB Pritzker in 2019… Link to Story