Category: Municipal Bond Credit Report
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Municipal Bond Credit Report: GDPNow — 3.0 percent — January 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 first quarter of 2024 is 3.0 percent on January 26… Link to Story
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Municipal Bond Credit Report: A Muni Giant Exits the Field. What It Means for the $4 Trillion Market.
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: When bankrupt Jefferson County, Ala., needed to find buyers for a new bond sale, Citigroup was there. When Detroit tiptoed back to market after haircutting bondholders… Link to Story
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Municipal Bond Credit Report: Small Ohio college strikes forbearance deal with bondholders
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Lake Erie College, a small private school in Ohio, entered into a forbearance agreement with bondholders after the school didn’t meet certain covenants it agreed to as part of a debt sale. .. Link to Story
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Municipal Bond Credit Report: California senior living bond deal benefits from new legislation
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Two public finance professionals helped craft legislation that added whole categories of residential care facilities to the list of borrowers eligible to issue debt through the California Health Facilities Financing Authority… Link to Story
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Municipal Bond Credit Report: The Economy Is Starting to Look Normal—Housing Isn’t
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: If you haven’t tried to buy a home lately, the U.S. economy is starting to look kind of, sort of normal. But the housing market is still a mess, and it looks as if it will be that way for a long time… Link to Story
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Municipal Bond Credit Report: Moody’s upgrades Chicago Public Schools; investment grade a notch away
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Chicago Board of Education on Wednesday saw its issuer rating and debt ratings from Moody’s Investors Service upgraded a notch, to Ba1 from Ba2 — still speculative grade, but one level below investment-grade status. The rating outlook remains positive after the upgrade… Link to Story
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Municipal Bond Credit Report: N.C. treasurer seeks pension clarity after a health system exits
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: If North Carolina state lawmakers want to dismantle the state’s defined benefit pension system for teachers and public employees, they should declare their intention and debate such changes in a public process, State Treasurer Dale Folwell said Tuesday… Link to Story
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Municipal Bond Credit Report: DeSantis vows to ‘stay the course’ as Florida’s economy remains strong
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: “The state of our state is strong. Let’s keep doing what works. Let’s continue to make Florida the envy of the nation,” Florida Gov. Ron DeSantis said in his state of the state address before the state Legislature on Tuesday. “My message is simple: Stay the course.”… Link to Story
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Municipal Bond Credit Report: Fiscal woes land Washington school districts under rare state oversight
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The fiscal struggles of three public school districts in northwest Washington state have landed them under enhanced state oversight… Link to Story
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Municipal Bond Credit Report: Default seen likely for operator of senior centers in Michigan and Ohio
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Bonds used to buy eight senior living properties in Michigan and Ohio are likely to default within six months, S&P Global Ratings said… Link to Story