Category: Municipal Bond Credit Report
-
Municipal Bond Credit Report: Junk-rated New Jersey university to merge with another state school
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A financially stressed state university in Jersey City is poised to merge with a larger New Jersey state school after persistent budget shortfalls made its future unsustainable. .. Link to Story
-
Municipal Bond Credit Report: Illinois’ 2023 ACFR may become latest ever filed by state
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois’ Annual Comprehensive Financial Report for fiscal year 2023 is threatening to break California’s record for latest audit, having recently passed 600 days since that fiscal year ended, according to data on audit times… Link to Story
-
Municipal Bond Credit Report: Residents of bankrupt N.Y. senior home face big losses in private equity deal
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Residents owed $130 million after their senior living community went bankrupt are poised to suffer big losses but won’t be left empty-handed under a sale agreement approved by a New York federal court… Link to Story
-
Municipal Bond Credit Report: Texas school finances strained by stagnant state funding
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Stagnant state funding and rising costs are reducing budget flexibility for Texas school districts, according to a report released this week by Moody’s Ratings… Link to Story
-
Municipal Bond Credit Report: Dysfunction cited as state government takes over a Texas school district
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Texas Education Agency replaced the entire leadership of the South San Antonio Independent School District… Link to Story
-
Municipal Bond Credit Report: Home Sales Fell 4.9% in January, Extending Slump in Housing Market
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Sales of existing homes fell in January, starting the year on a down note after two consecutive years of extremely sluggish sales… Link to Story
-
Municipal Bond Credit Report: Defaulting Alabama hospital starts bankruptcy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Jackson Hospital and Clinic of Montgomery, Alabama, has entered Chapter 11 bankruptcy, affecting $61 million of bond debt it defaulted on in September… Link to Story
-
Municipal Bond Credit Report: Impacts of hurricanes Helene, Milton linger in Southeast
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The recovery of Florida, North Carolina, and Tennessee local governments and utilities from hurricanes Helene and Milton continues but the outlook for next season and beyond is troubling… Link to Story
-
Municipal Bond Credit Report: U.S. Activity Loses Pace at Start of Year
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. economic activity expanded at a slower pace at the start of the year, despite signs of recovery in the factory sector… Link to Story
-
Municipal Bond Credit Report: U.S. Homes Sales in 2024 Fell to Lowest Level in Nearly 30 Years
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. existing-home sales fell in 2024 to the lowest level since 1995, the second straight year of anemic sales due to stubbornly high mortgage rates… Link to Story