Category: Municipal Bond Credit Report
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Municipal Bond Credit Report: Plastic recycling company’s Ohio plant is on track after default designation
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A plastics recycling plant in Ohio that company officials promise will “change the landscape of recycling” has launched initial operations after years of construction delays that triggered a bond default designation… Link to Story
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Municipal Bond Credit Report: Municipal debt of Hawaiian Electric falls after deadly Maui wildfire
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Municipal bonds sold by a unit of Hawaiian Electric Industries, which operates the utility that serves Maui, are plunging amid scrutiny over the company’s possible role in the island’s deadly wildfire… Link to Story
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Municipal Bond Credit Report: Latest estimate: 5.8 percent — August 16, 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 5.8 percent on August 16, up from 5.0 percent on August 15… Link to Story
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Municipal Bond Credit Report: S&P backs down from ESG scores critics called ‘confusing’
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: S&P Global Ratings’ announcement it will not release new or updated environmental, social, and governance credit indicators in public finance comes amid confusion over their impact on bond ratings, as well as an anti-ESG backlash that produced a deluge of legislation this year to stop the factors’ encroachment in government activities……
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Municipal Bond Credit Report: Iowa hospital seeks bankruptcy to implement acquisition plan
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: An Iowa hospital filed for Chapter 11 bankruptcy this week, blocking a move by its largest bondholder to seek a court-appointed receiver and the immediate payment of principal and interest. .. Link to Story
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Municipal Bond Credit Report: Bankruptcy judge keeps Arizona sports venue on track for sale
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Chapter 11 bankruptcy involving a bond-financed Arizona participant sports venue will continue to move forward in an effort to sell the property after a federal court judge denied a motion to appoint an independent trustee for the debtor or dismiss the case… Link to Story
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Municipal Bond Credit Report: Bankrupt public hospital in California inks deal with private operator
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A bankrupt public hospital in California is near a deal with a private operator that officials hope can keep the facility open… Link to Story
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Municipal Bond Credit Report: Cooler July Inflation Opens Door to Fed Pause on Rates
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Price pressures continued cooling last month, fresh inflation figures showed, likely deterring the Federal Reserve from raising interest rates at its September meeting… Link to Story
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Municipal Bond Credit Report: Iowa hospital’s ‘financial freefall’ sparks move to seek receiver
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Financial woes at an Iowa hospital led a major bondholder and a bond trustee to state court seeking the appointment of a receiver for the facility, while they demand the immediate payment of principal and interest in the wake of default events…. Link to Story
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Municipal Bond Credit Report: North Carolina town may regain its fiscal autonomy, commission hears
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Robersonville, North Carolina, has fixed its financial and operational shortcomings and could regain control of its finances in the near future, members of the state Local Government Commission were told at their monthly meeting on Tuesday… Link to Story