Category: Municipal Bond Credit Report
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Municipal Bond Credit Report: Harvey, Illinois, launches GO exchange offer on defaulted debt
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Harvey, Illinois, is targeting an August settlement date in its long-planned tender exchange offer on its defaulted general obligation bonds… Link to Story
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Municipal Bond Credit Report: Graceland project woes continue as borrowers miss another debt payment
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Borrowers for a revitalization project for Graceland Mansion, the fabled former home and resting place of Elvis Presley, missed another debt service payment at the beginning of the month… Link to Story
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Municipal Bond Credit Report: Inflation Eased to 3% in June, Slowest Pace in More Than Two Years
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Inflation cooled last month to its slowest pace in more than two years, giving Americans relief from a painful period of rising prices and boosting the chances that the Federal Reserve will stop raising interest rates after an expected increase this month… Link to Story
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Municipal Bond Credit Report: Illinois hits reserve and cash high points as it closes the books on fiscal 2023
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois headed into the new fiscal year with fresh deposits to its rainy-day and pension stabilization funds, a low bill balance, and $1 billion in available general revenue funds — hitting several high marks on some fiscal metrics that had sunk during the state’s budget impasse six years ago… Link to…
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Municipal Bond Credit Report: New York State pension fund posts negative returns for fiscal 2023
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New York State Common Retirement Fund’s investment return was negative 4.14% for the state’s fiscal year that ended March 31, said state Comptroller Thomas DiNapoli. The fund is valued at $248.5 billion… Link to Story
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Municipal Bond Credit Report: Jobs Report Keeps Fed on Track to Raise Rates in July
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The solid June jobs report is likely to leave the Federal Reserve on course to raise interest rates to a 22-year high later this month to combat inflation… Link to Story
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Municipal Bond Credit Report: Pension risk meter on the rise for Chicago and Illinois, reports warn
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Pension funding-related threats to Chicago and Illinois’ fiscal health are on the rise, reports published this week warn… Link to Story
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Municipal Bond Credit Report: Alarm bells rise over Chicago Public Schools’ future budget gaps
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago Public Schools’ looming fiscal cliff cast a long shadow over the board’s approval Wednesday of a fiscal 2024 budget balanced with the help of the maximum property tax hike allowed under state caps and federal COVID-19 relief… Link to Story
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Municipal Bond Credit Report: U.S. Economy Shows Surprising Vigor in First Half of 2023
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Fresh signs of labor market strength reinforced a picture of an economy with broad-based momentum despite rising interest rates… Link to Story
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Municipal Bond Credit Report: U.S. Home Prices Posted First Annual Decline Since 2012 in April
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Home prices posted their first year-over-year price decline in 11 years in April, as higher mortgage rates made home purchases more expensive for buyers… Link to Story