Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Court won’t reconsider appeal in Jefferson County bankruptcy case
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A federal appellate court said Wednesday that it will not rehear an appeal in Jefferson County, Alabama’s bankruptcy case…. Link to Story
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Municipal Bond Credit Report: Washington charter school ruling negative for its school districts
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Supreme Court ruling in Washington State upholding lottery funding for charter schools is credit negative for traditional school districts, according to Moody’s Investors Service…. Link to Story
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Municipal Bond Credit Report: Chicago’s $1.3B Sales Tax Securitization deal placed on day-to-day status
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago’s $1.3 billion deal Sales Tax Securitization Corp., tentatively scheduled to price Wednesday, was moved to the day-to-day calendar, according to deal participants. Bookrunner Loop Capital Markets LLC cited “market conditions.”… Link to Story
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Municipal Bond Credit Report: Pennsylvania panel in home stretch on pension overhaul study
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Pennsylvania’s pension commission, after three public hearings, will complete its review of the state’s two major funds and report its findings to Gov. Tom Wolf and the General Assembly…. Link to Story
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Municipal Bond Credit Report: What MSRB decided at its first meeting of fiscal 2019
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: WASHINGTON – The Municipal Securities Rulemaking Board has agreed to collect new data from muni issuances and to seek further comment aimed at producing new guidance on underwriters’ disclosures to issuers under the board’s fair-dealing rule…. Link to Story
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Municipal Bond Credit Report: Indy’s improving finances earn it outlook upgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Indianapolis’ growing record of keeping its finances structurally balanced has earned the city an outlook upgrade from Kroll Bond Ratings Agency. Kroll raised the outlook to positive and affirmed its AA-plus rating on the city, saying that the city’s financial position continues to demonstrate an ascending trajectory…. Link to Story
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Municipal Bond Credit Report: Skanska to stop bidding on U.S. P3s because of losses
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: In a blow for the future development of P3s in the U.S., an international player plans to end its involvement in the sector because the “risk-reward” is no longer attractive. Skanska President Anders Danielsson made the announcement Oct. 19 during a preliminary third-quarter earnings report, saying that losses on two major…
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Municipal Bond Credit Report: 10 years later: Less-trusted rating agencies maintain their central role
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The municipal market remains skeptical of the rating agencies 10 years after their bad calls on mortgage securities contributed to the worst economic meltdown since the Great Depression…. Link to Story
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Municipal Bond Credit Report: 10 years later: After the fall, remaining insurers fight for relevance
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Municipal bond insurers were among the biggest casualties of the financial crisis. With seven triple-A bond insurers and at least 10 players writing new business, up to 57% of newly issued municipal bonds carried insurance in the years before the global collapse swept away most of the insurers…. Link to Story
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Municipal Bond Credit Report: South Carolina hospital merger plan spurs rating review
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The pending merger of two hospitals to become South Carolina’s largest joint health system may be good for the bond ratings of one and not the other. Moody’s Investors Service placed Palmetto Health Alliance’s Baa1 rating on review for upgrade and Greenville Health System’s A1 rating on review for downgrade…. Link…