Category: Municipal Bond Credit Report
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Municipal Bond Credit Report: How Pennsylvania shrank Act 47 program for distressed municipalities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: There was a time when it seemed like a Pennsylvania city or town could stay distressed forever. Clairton, a city on the outskirts of Pittsburgh, entered the commonwealth’s distressed municipalities program in 1988, and didn’t leave until 2015. .. Link to Story
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Municipal Bond Credit Report: New Jersey’s weakest municipalities are on the mend
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The lowest-rated cohort of New Jersey municipalities are on a trend of strengthening finances, according to a report from Moody’s Ratings… Link to Story
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Municipal Bond Credit Report: Spirit Airlines bankruptcy won’t impact airport ratings
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Spirit Airlines’ bankruptcy will not affect bond ratings for Nevada, Florida and South Carolina airports, according to a Fitch Ratings commentary… Link to Story
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Municipal Bond Credit Report: Defaulted Alabama hospital to get bridge loans from bondholders
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The defaulted issuer Jackson Hospital & Clinic of Birmingham, Alabama, is set to receive bridge loans from some of the holders of its bonds… Link to Story
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Municipal Bond Credit Report: The tangled tale of a troubled town’s water authority
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Chester Water Authority traces its origins back to 1868, when it was created as a private entity to provide water to Chester, Pennsylvania’s residents. The Chester Water Service Company, as it was then known, continued to operate privately until, in 1939, when residents complained of “foul tasting, odiferous water.” Chester…
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Municipal Bond Credit Report: Headwinds buffet California’s public university systems
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The volatility in California’s state tax and revenue structure has its two massive public university systems scrambling… Link to Story
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Municipal Bond Credit Report: After buying out bondholders in February, plastic recycler resells the paper
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The owner of a municipal-bond-financed plastic recycling plant in Ohio says the project’s bumpy ride is smoothing out… Link to Story
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Municipal Bond Credit Report: GDPNow – Latest estimate: 2.6 percent — November 19, 2024
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 2.6 percent on November 19, up from 2.5 percent on November 15… Link to Story
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Municipal Bond Credit Report: Cost of lead pipe removals weighs heavily on the Midwest
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The fight to end lead contamination in drinking water is playing out with high stakes in the Midwest. The region accounts for a disproportionate share of the roughly 9.2 million lead pipes across the U.S., according to an analysis of Environmental Protection Agency data by the Natural Resources Defense Council, a…
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Municipal Bond Credit Report: Facing big deficits, Louisiana considers tax changes
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Facing budget deficits of $587 million to more than $800 million starting next fiscal year, Louisiana lawmakers are convening an extraordinary legislative session to consider changes to taxes and the state’s constitution… Link to Story