Category: Municipal Bond Credit Report
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Municipal Bond Credit Report: Rising Chicago deficit forecast raises eyebrows in muni market
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago released a budget forecast last week projecting that its corporate fund deficit will grow in upcoming years, jumping to $982.4 million in 2025 from $222.9 million at the end of 2024… Link to Story
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Municipal Bond Credit Report: Fed Cuts Rates by Half Percentage Point
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve voted to lower interest rates by a half percentage point, opting for a bolder start in making its first reduction since 2020. The long-anticipated pivot followed an all-out fight against inflation the central bank launched two years ago… Link to Story
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Municipal Bond Credit Report: Dallas sets public safety pension funding plan amid litigation
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Dallas will contribute $11 billion to its Police and Fire Pension System over 30 years under a plan approved Wednesday by the city council to comply with a Texas law aimed at keeping the system, which is just 39% funded, with a $3.2 billion unfunded liability, solvent… Link to Story
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Municipal Bond Credit Report: Defaulted hospital names chief restructuring officer
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Jackson Hospital & Clinic in Montgomery, Alabama, has named a chief restructuring officer in the aftermath of a bond payment default… Link to Story
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Municipal Bond Credit Report: GDPNow Latest estimate: 2.1 percent — September 04, 2024
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.1 percent on September 4, up from 2.0 percent on September 3… Link to Story
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Municipal Bond Credit Report: Rising Chicago deficit forecast raises eyebrows in muni market
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago released a budget forecast last week projecting that its corporate fund deficit will grow in upcoming years, jumping to $982.4 million in 2025 from $222.9 million at the end of 2024… Link to Story
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Municipal Bond Credit Report: New Hampshire case could upend its education funding
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New Hampshire faces questions familiar to many states: whether it’s funding schools enough and whether its method of funding is acceptable… Link to Story
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Municipal Bond Credit Report: Small college’s downgrade underscores headwinds facing smaller schools
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Mount Saint Mary College, a small liberal arts school in New York state, saw its bond rating downgraded to BBB from BBB-plus by Fitch Ratings, after persistent declines in student enrollment pressured the school’s finances… Link to Story
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Municipal Bond Credit Report: Don’t Wait for the Next Big Data Breach to Freeze Your Credit
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: It’s time to consider one of the most boring, but important, moves you can make for your money: Freeze your credit… Link to Story
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Municipal Bond Credit Report: GDPNow – Latest estimate: 2.9 percent — August 08, 2024
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.9 percent on August 8, unchanged from August 6 after rounding… Link to Story