Category: Municipal Bond Credit Report

Municipal Bond Credit Report: S&P Global Ratings downgraded Chicago’s general obligation debt to BBB from BBB-plus Tuesday, saying the city’s 2025 budget fails to address a persistent structural imbalance… Link to Story

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Municipal Bond Credit Report: Less than five years after Ohio restructured the credit to avoid a default, the Buckeye Tobacco Settlement Financing Authority needed a debt service reserve draw to pay holders of its tobacco settlement securitization bonds… Link to Story

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Municipal Bond Credit Report: As Los Angeles battles wildfires, Mayor Karen Bass is being criticized for the roughly $17 million in cuts made to the Los Angeles Fire Department’s budget… Link to Story

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Municipal Bond Credit Report: The new year rang in fresh signs of distress at a pair of long-struggling cancer treatment centers in Maryland and Arkansas financed with bonds through Wisconsin’s conduit issuer the Public Finance Authority… Link to Story

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Municipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 2.4 percent on January 3, down from 2.6 percent on January 2… Link to Story

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Municipal Bond Credit Report: Enviva, Inc. is the latest corporate bankruptcy to give a massive haircut to holders of municipal private activity bonds issued to fund green technology projects… Link to Story

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Municipal Bond Credit Report: A flurry of first time and repeated technical bond defaults by Colorado metropolitan districts in December is raising concerns about the debt, which finances public infrastructure such as roads, sewers, parks, and recreation centers for housing developments through property taxes levied on new tracts… Link to Story

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Municipal Bond Credit Report: Property tax limits embedded in a new Georgia law and constitutional amendment may financially squeeze school districts, city governments and county governments over time, analysts say… Link to Story

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Municipal Bond Credit Report: A recent hack of a Michigan township should spur the public finance industry to better understand and prepare for cybersecurity threats as hackers become more sophisticated. It also signals the industry needs a unified approach to disclosing those threats and to prepare for a higher price tag of insuring against them……

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Municipal Bond Credit Report: A Florida agency that offers PACE financing to property owners is at the center of a legal dispute that it says could catastrophically undermine the finality of all Florida bond validations… Link to Story

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