Tag: Municipal Bond Credit Report
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Municipal Bond Credit Report: New Jersey tax revenue continues to slide in new fiscal year
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New Jersey’s tax revenues have continued to slide in the new fiscal year, according to recently published figures… Link to Story
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Municipal Bond Credit Report: GDPNow Latest estimate: 5.4 percent — October 25, 2023
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 2023 is 5.4 percent on October 25, unchanged from October 18 after rounding… Link to Story
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Municipal Bond Credit Report: Nevada garbage-to-jet-fuel project defaults; Indiana follow-up on hold
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A California-based company’s plan to sell up to $500 million of tax-exempt environmental improvement revenue bonds through the Indiana Finance Authority to build a garbage-to-jet fuels facility in Gary is on hold after the company’s bonds for a similar plant in Nevada went into default… Link to Story
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Municipal Bond Credit Report: Partners in delayed Georgia nuclear reactors settle financial dispute
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Partners in the development of a pair of nuclear reactors in Georgia have settled a legal dispute that threatened the project’s underlying financing structure… Link to Story
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Municipal Bond Credit Report: Jerome Powell Signals Fed Will Extend Interest-Rate Pause
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve Chair Jerome Powell suggested the run-up in long-term Treasury yields could allow the central bank to suspend a historic run of interest-rate increases so long as recent progress on inflation continues… Link to Story
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Municipal Bond Credit Report: Home Sales Slide to Lowest Pace Since 2010 as High Rates Squeeze Market
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Home sales fell in September to the lowest rate in 13 years, showing the corner of the economy most weakened by high interest rates remains in decline… Link to Story
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Municipal Bond Credit Report: Illinois and California have largest unfunded pension liabilities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California and Illinois are the largest contributors to an expected $1.3 trillion in unfunded pension liabilities for the 50 states in fiscal 2023, according to a Reason Foundation study… Link to Story
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Municipal Bond Credit Report: Muni Funds That Use Borrowed Money Take a Big Hit
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Some municipal-bond funds are suffering their worst stretch since the 2008-09 financial crisis, an acute example of how two years of rising interest rates have slammed investors’ portfolios… Link to Story
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Municipal Bond Credit Report: Bankrupt Arizona sports venue attracts no qualified bidders
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A bankrupt Arizona participant sports venue received no qualified bids by last week’s deadline, although other parties are interested in purchasing the venue as the financing to keep it operating nears its end… Link to Story
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Municipal Bond Credit Report: Higher education’s struggles in West Virginia underscore national trend
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Universities across the U.S. welcomed students this school year with trimmed budgets and fewer program offerings, changes implemented to stay afloat as enrollment and tuition remain depressed… Link to Story