Tag: Municipal Bond Credit Report
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Municipal Bond Credit Report: Pennsylvania conduit borrowers aren’t subject to prevailing wage rules
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Private borrowers that issue tax-exempt bonds through Pennsylvania conduit issuers don’t need to follow the state’s prevailing wage requirements for public projects… Link to Story
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Municipal Bond Credit Report: Another Arizona conduit authority borrower files for bankruptcy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Harvest Gold Silica Inc. filed a Chapter 11 bankruptcy in federal court this week, after defaulting on bonds it sold through the Arizona Industrial Development Authority (AZIDA) in 2019… Link to Story
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Municipal Bond Credit Report: GDPNow Latest estimate: 2.5 percent — March 07, 2024
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2024 is 2.5 percent on March 7, unchanged from March 6… L ink to Story
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Municipal Bond Credit Report: Initiative 1935: Sweeping Measure to Limit Ability of State and Local Governments in California to Raise Revenues
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Voters in California may cast ballots this November on a proposal to make substantial changes to the California Constitution involving taxation and related government powers. .. Link to Story
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Municipal Bond Credit Report: Home Sales Rebounded in January After Last Year’s Sharp Decline
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Sales of previously owned homes rose in January from the prior month, rebounding modestly after sales last year dropped to their worst level in nearly three decades… Link to Story
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Municipal Bond Credit Report: Attention BAB Issuers: Extraordinary Optional Redemption is Available
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: For more than 10 years, as the subsidy for direct payment Build America Bonds (BABs) has been less than originally promised due to sequestration, issuers have wondered if sequestration constituted an “extraordinary event” that would trigger their right to seek extraordinary optional redemption… Link to Story
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Municipal Bond Credit Report: Latest estimate: 2.9 percent — February 16, 2024
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2024 is 2.9 percent on February 16, unchanged from February 15… Link to Story
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Municipal Bond Credit Report: America’s Economy Slowed—It Probably Won’t Stumble
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. economy took a breather in January following brisk growth at the end of last year, but it remains fundamentally healthy. .. Link to Story
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Municipal Bond Credit Report: Midwest colleges face headwinds in a challenging time for higher ed
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Nearly half of America’s private colleges and universities reported negative operating margins in fiscal year 2023, and the situation was even worse in the Midwest, according to preliminary data compiled by Merritt Research Services… Link to Story
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Municipal Bond Credit Report: Plastics recycler’s Ohio subsidiary to buy out majority bondholders
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Florida-based plastics recycler PureCycle Technologies announced this week that its subsidiary, PureCycle: Ohio LLC, has agreed to buy out the majority holders of $219.55 million of outstanding private activity bonds tied to its Ironton, Ohio facility, the company’s first polypropylene purification plant… Link to Story