Category: Municipal Bond Credit Report
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Municipal Bond Credit Report: Florida Legislature begins special session on insurance, hurricane relief
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Florida Legislature’s special session began Monday with lawmakers looking for ways to help residents cope with the rising costs of property insurance… Link to Story
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Municipal Bond Credit Report: New York state voters raise debt cap for schools in small cities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New York State voters approved a ballot measure to raise the debt limit for schools in smaller cities, opening the door to more voter-approved bonds. The measure was approved by a margin of 64.5% to 35.5% on Tuesday, according to unofficial results… Link to Story
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Municipal Bond Credit Report: Court will rule on U. of Iowa’s winning bid for bankrupt hospital
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A bankrupt Iowa hospital could ultimately end up in the hands of the University of Iowa, which submitted the winning bid in a reopened auction last week… Link to Story
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Municipal Bond Credit Report: Pennsylvania nursing-home operator Senior Choice defaults after COVID turmoil
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Pennsylvania company that operates three nursing homes is in default, and it’s a familiar story: staff shortages and a large slump in occupancy in the aftermath of the pandemic… Link to Story
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Municipal Bond Credit Report: Offer emerges for bankrupt, bond-funded Arizona sports venue
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A deal that emerged in federal bankruptcy court Tuesday to purchase an Arizona participant sports venue for $25.5 million would allocate just $2.2 million plus an 11% equity stake in the acquiring company to bondholders, who possess $284 million of the facility’s debt, according to a source familiar with the proposal……
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Municipal Bond Credit Report: New Jersey tax revenue continues to slide in new fiscal year
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New Jersey’s tax revenues have continued to slide in the new fiscal year, according to recently published figures… Link to Story
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Municipal Bond Credit Report: GDPNow Latest estimate: 5.4 percent — October 25, 2023
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2023 is 5.4 percent on October 25, unchanged from October 18 after rounding… Link to Story
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Municipal Bond Credit Report: Nevada garbage-to-jet-fuel project defaults; Indiana follow-up on hold
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A California-based company’s plan to sell up to $500 million of tax-exempt environmental improvement revenue bonds through the Indiana Finance Authority to build a garbage-to-jet fuels facility in Gary is on hold after the company’s bonds for a similar plant in Nevada went into default… Link to Story
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Municipal Bond Credit Report: Partners in delayed Georgia nuclear reactors settle financial dispute
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Partners in the development of a pair of nuclear reactors in Georgia have settled a legal dispute that threatened the project’s underlying financing structure… Link to Story
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Municipal Bond Credit Report: Jerome Powell Signals Fed Will Extend Interest-Rate Pause
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve Chair Jerome Powell suggested the run-up in long-term Treasury yields could allow the central bank to suspend a historic run of interest-rate increases so long as recent progress on inflation continues… Link to Story