Tag: Municipal Bond Credit Report
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Municipal Bond Credit Report: Home Prices Hit a Record High
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Home prices rose in May to a new high, with low inventory continuing to spur bidding wars among home buyers in some markets… Link to Story
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Municipal Bond Credit Report: State withholds millions from Milwaukee Public Schools over missing audit
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Milwaukee Public Schools is several months late in submitting the annual financial audit reports required by statute, and the delay has triggered a litany of consequences… Link to Story
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Municipal Bond Credit Report: GDPNow – Latest estimate: 3.1 percent — June 07, 2024
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 3.1 percent on June 7, up from 2.6 percent on June 6… Link to Story
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Municipal Bond Credit Report: Senior living sector carries big returns, but also big risks
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Connecticut firm’s recent bankruptcy highlights the challenge of investing in the senior living sector, known throughout the muni market as one of the riskier areas, particularly in a post-COVID world. However, some market participants are still bullish, fueled by spread pickup, macro dynamics and demand-driven expansion… Link to Story
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Municipal Bond Credit Report: Struggling Tower Health in Pennsylvania plans debt exchange
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Struggling Pennsylvania hospital chain Tower Health plans to exchange current debt and raise additional funds as it pursues a turnaround… Link to Story
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Municipal Bond Credit Report: U.S. Senate committee grapples with challenges facing rural hospitals
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Senate Finance Committee hearing led by Sen. Ron Wyden, D-Oregon, contemplated ways to smooth funding for rural hospitals as the number in the red has spiked in recent years… Link to Story
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Municipal Bond Credit Report: California governor hits the gas pedal on property insurance changes
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California Gov. Gavin Newsom is seeking to halt the trend of property insurers exiting the state, citing losses, by expediting how quickly they can increase rates… Link to Story
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Municipal Bond Credit Report: Slow, then slower: municipal bond issuer audit delays hit 12-year high
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The median audit time for all municipal bond sectors rose nearly 10.5% from 2011 to 2022, according to a new report from the University of Illinois-Chicago and Merritt Research Services… Link to Story
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Municipal Bond Credit Report: Bankruptcy snares municipal bonds for wood pellet operator
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Wood-pellet manufacturer Enviva Inc.’s bankruptcy has pushed $353 million of municipal bonds along with a wider $2.6 billion pot of debt into a Chapter 11 corporate reorganization… Link to Story
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Municipal Bond Credit Report: Sales increase at muni bond-financed New Jersey megamall
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Sales at New Jersey’s municipal bond-financed American Dream mega mall soared in the first quarter as consumers demonstrated continued demand following the busy holiday shopping period. .. Link to Story