Category: Municipal Bond Credit Report
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Municipal Bond Credit Report: Yet another private college in New York is closing
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Another private college in New York is shutting its doors after struggling financially and said it won’t make further interest payments to investors on its municipal bonds… Link to Story
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Municipal Bond Credit Report: Southwest nonprofits eye bankruptcy exits
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A trio of Chapter 11 bankruptcies filed by Southwest nonprofit entities this year in the wake of bond impairments are closer to wrapping up their cases in federal court with the help of asset sales or debt restructuring… Link to Story
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Municipal Bond Credit Report: Fed’s Interest Rate Hikes Are Probably Over, but Officials Are Reluctant to Say So
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve officials are increasingly confident that they don’t need to keep raising interest rates to defeat inflation. But they aren’t satisfied enough to declare an end to hikes—let alone to start a discussion about lowering rates… Link to Story
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Municipal Bond Credit Report: Dallas weighs pension recommendations as unfunded liability rises
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Dallas should use actuarially determined contributions for its troubled police and fire retirement system in order to reach full funding by 2055, according to preliminary recommendations from an independent actuary firm… Link to Story
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Municipal Bond Credit Report: Florida’s jobless rate steady in October as its labor force increases
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Florida’s labor force grew by 0.2-percentage points in October while the state’s private-sector employment increased 0.3% and the unemployment rate remained steady, FloridaCommerce reported… Link to Story
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Municipal Bond Credit Report: Judge approves sale of bankrupt, bond-financed Arizona sports venue
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A federal judge signed off on the sale of an Arizona participant sports venue for a price that will result in a miniscule cash payment to owners of the bankrupt facility’s defaulted bonds… Link to Story
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Municipal Bond Credit Report: At least a partial win for bondholders in Chester, Pennsylvania, Chapter 9
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A bankruptcy court recently ruled for the most part in favor of Chester, Pennsylvania, bondholders in an adversary proceeding filed by the city challenging liens on revenues for bonds issued in 2017 as part of a financial recovery plan for the city… Link to Story
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Municipal Bond Credit Report: U.S. Retail Sales Fall for First Time Since March as Holiday Season Approaches
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Consumers cut their spending at stores, dealerships and gas stations last month, tapping the brakes on economic growth ahead of the holiday shopping season… Link to Story
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Municipal Bond Credit Report: The Global Fight Against Inflation Has Turned a Corner
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Inflation is falling faster than expected across advanced economies, marking a turning point in central banks’ two-year battle against surging prices. .. Link to Story
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Municipal Bond Credit Report: GDP Now–November 17, 2023
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 2.0 percent on November 17, down from 2.2 percent on November 15… Link to Story