Tag: Municipal Bond Credit Report
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Municipal Bond Credit Report: After buying out bondholders in February, plastic recycler resells the paper
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The owner of a municipal-bond-financed plastic recycling plant in Ohio says the project’s bumpy ride is smoothing out… Link to Story
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Municipal Bond Credit Report: GDPNow – Latest estimate: 2.6 percent — November 19, 2024
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 2.6 percent on November 19, up from 2.5 percent on November 15… Link to Story
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Municipal Bond Credit Report: Cost of lead pipe removals weighs heavily on the Midwest
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The fight to end lead contamination in drinking water is playing out with high stakes in the Midwest. The region accounts for a disproportionate share of the roughly 9.2 million lead pipes across the U.S., according to an analysis of Environmental Protection Agency data by the Natural Resources Defense Council, a…
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Municipal Bond Credit Report: Facing big deficits, Louisiana considers tax changes
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Facing budget deficits of $587 million to more than $800 million starting next fiscal year, Louisiana lawmakers are convening an extraordinary legislative session to consider changes to taxes and the state’s constitution… Link to Story
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Municipal Bond Credit Report: Chicago Mayor proposes property tax increase to close budget gap
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago Mayor Brandon Johnson on Wednesday proposed a $17.3 billion fiscal 2025 budget that calls for a $300 million property tax increase, a move that reverses a campaign promise but avoids cutting back on pension payments that are integral to the city’s credit ratings. .. Link to Story
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Municipal Bond Credit Report: College puts Manhattan campus on market ahead of default
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Metropolitan College of New York is trying to sell real estate in lower Manhattan as part of a deal with bondholders allowing the school to skip a debt payment in November… Link to Story
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Municipal Bond Credit Report: PFAS regulations most likely to squeeze small, poor utilities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. Environmental and Protection Agency’s new PFAS water treatment rules are most likely to hit water utilities serving small service areas with poor populace and old infrastructure the hardest, analysts say… Link to Story
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Municipal Bond Credit Report: Chester, Pennsylvania’s bankruptcy nears two-year mark
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chester, Pennsylvania, is broke, its state-appointed receiver says. This fact is not in dispute. Chester is one of the only two municipalities in the country with an active bankruptcy, and is millions of dollars short of its pension obligations… Link to Story
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Municipal Bond Credit Report: Midwest private colleges face continued enrollment declines
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Fitch Ratings and Moody’s Ratings downgraded Xavier University, a private Jesuit college in Cincinnati, to A-minus from A and to Baa1 from A3, respectively, last week. .. Link to Story
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Municipal Bond Credit Report: Moody’s puts Chicago schools on notice amid governance and policy turmoil
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s Ratings on Tuesday put the Chicago Board of Education on notice that it will watch the school district’s next steps after Chicago Mayor Brandon Johnson appointed a new school board. All seven previous board members resigned earlier this month… Link to Story