Category: Municipal Bond Credit Report
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Municipal Bond Credit Report: Another payment miss expected for grant-backed American Dream bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Municipal bonds issued for the American Dream mega mall that are backed by New Jersey economic development grants are poised to miss their third straight interest payment Tuesday, according to a person familiar with the matter… Link to Story
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Municipal Bond Credit Report: Revenues weakened, but states remain resilient
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Although the mix of ultra conservative budgeting, the unexpected revenue growth and federal funding states received at the height of the pandemic are in the rear-view mirror, Fitch Ratings says most states continue to fare well… Link to Story
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Municipal Bond Credit Report: America’s Fiscal Time Bomb Ticks Even Louder
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: “Everybody who reads the newspaper knows that the United States has a very serious long-term fiscal problem.”… Link to Story
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Municipal Bond Credit Report: Southwest states cope with volatile oil, gas tax revenue
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Abundant oil and natural gas-related taxes continue to flow into the coffers of Southwest states, which are positioned to weather volatile energy prices amid slower growth in overall tax revenue… Link to Story
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Municipal Bond Credit Report: Kentucky’s big budget surplus sends rainy-day fund to record high
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Kentucky’s economy remains in overdrive as it continues to rack up record after record. This month the state saw the largest surplus in its history as the general fund budget had a $1.55 billion overage at the end of fiscal 2023… Link to Story
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Municipal Bond Credit Report: Federal Reserve Raises Interest Rates to 22-Year High
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve resumed lifting interest rates Wednesday with a quarter-percentage-point increase that will bring them to a 22-year high… Link to Story
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Municipal Bond Credit Report: U.S. Economic Growth Accelerates, Defying Slowdown Expectations
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. economy picked up last quarter and remained well clear of a recession despite the Federal Reserve pushing interest rates higher… Link to Story
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Municipal Bond Credit Report: Latest estimate: 2.4 percent — July 26, 2023
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2023 is 2.4 percent on July 26, unchanged from July 19 after rounding. After recent releases from the US Census Bureau and the National Association of Realtors, the nowcast of second-quarter real residential investment…
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Municipal Bond Credit Report: Settlement reached on bankrupt Texas senior living community’s bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Owners of some defaulted revenue bonds issued in 2018 for a senior living community in Plano, Texas, reached a binding settlement with the project’s bankrupt owner that calls for the re-issuance of debt… Link to Story
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Municipal Bond Credit Report: Milwaukee wins new sales tax for pensions, public safety
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Milwaukee Mayor Cavalier Johnson Friday signed into law a 2% municipal sales tax rate, marking the end of a long-fought battle to shore up the city’s ailing finances, which have been hit by rising pension costs… Link to Story