Category: Municipal Bond Credit Report
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Municipal Bond Credit Report: The Fall in Home Prices May Already Be Over
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Home prices aren’t falling anymore. After declining on a year-over-year basis for five consecutive months—the longest run of declines in 11 years—U.S. home prices rose in July… Link to Story
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Municipal Bond Credit Report: Harvey, Illinois, finally seals deal ending litigation over bond default
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Five years almost to the day since bondholders sued Harvey, Illinois, over a payment default, the litigation concluded Tuesday with court approval of a settlement that features fresh, unrated debt with extra protections for investors and a friendlier debt payment schedule for the long-struggling Chicago suburb… Link to Story
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Municipal Bond Credit Report: California’s late financial reports get rating agency attention
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California’s late audited financial statements continue to be a topic of discussion for agencies rating the state’s bonds… Link to Story
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Municipal Bond Credit Report: Senior-living operator cites pandemic in bankruptcy filing
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A senior-living company filed for bankruptcy last week after it exhausted an emergency loan, the latest to falter because of Covid-19. .. Link to Story
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Municipal Bond Credit Report: Moody’s upgrades North Broward Hospital District, Florida, to Baa1
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s Investors Service raised North Broward Hospital District, Florida’s revenue bonds to Baa1 from Baa2 and revised its outlook to stable from positive… Link to Story
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Municipal Bond Credit Report: Cook County gets rating boost from Moody’s
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s Investors Service raised the rating for Cook County, Illinois, a notch to A1 with a stable outlook, citing its accumulation of “sound” reserves, along with the recent enactment of a state law governing its pension contributions… Link to Story
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Municipal Bond Credit Report: California announces loan awards for distressed hospitals
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A bankrupt California hospital will receive a $10 million loan from a new state program to aid troubled providers… Link to Story
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Municipal Bond Credit Report: Mortgage Rates Hit 7.23%, Highest Since 2001
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Mortgage rates pushed to a fresh two-decade high this week, making it tougher for the housing market to emerge from its stark slowdown… Link to Story
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Municipal Bond Credit Report: Powell Says Fed Will ‘Proceed Carefully’ on Any Further Rate Rises
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve Chair Jerome Powell cautioned that past interest-rate increases had yet to fully slow the economy, an argument for holding rates steady for now, even though stronger and sustained growth could require higher rates to keep inflation declining… Link to Story
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Municipal Bond Credit Report: Massachusetts records year-over-year revenue dip
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Annual tax revenue collection in Massachusetts fell by 4.7% in fiscal year 2023, the State Department of Revenue announced in its yearly report released Friday… Link to Story