Tag: Municipal Bond Credit Research
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Municipal Bond Credit Report: Kansas City airport financing moves toward takeoff
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Kansas City, Missouri, is nearing the final action needed to pave the way for the sale of roughly $1.8 billion of special obligation bonds to develop the new single-terminal project at Kansas City International Airport under a public-private partnership…. Link to Story
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Municipal Bond Credit Report: Enrollment, tuition pressure bring downgrade to University of the Sciences
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Tuition pressures combined with a heavy debt burden led to a downgrade for the Philadelphia-based University of the Sciences. Moody’s Investors Service lowered USciences bonds one notch to Baa1 from A3 Wednesday, citing the private nonprofit school’s weakening 2019 fiscal year operating performance, driven largely by a second consecutive year of
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Municipal Bond Credit Report: A rating agency message for Chicago mayor finalists
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: CHICAGO — Chicago’s next mayor won’t get much of a honeymoon if the city is to preserve its BBB-plus rating from S&P Global Ratings. “Immediately on taking office, the next mayor will need to address an unfunded increase in pension contributions, yet-to-be-negotiated police and fire contracts and related back pay, rising
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Municipal Bond Credit Report: Illinois gets Fitch warning about Pritzker's budget plan
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: CHICAGO — Illinois Gov. J.B. Pritzker received a clear warning from Fitch Ratings that his proposed fiscal 2020 budget risks a downgrade. The $77 billion all-funds plan fails to make material gains in structurally tackling red ink, Fitch said in a formal review published Tuesday that offered the strongest signal yet
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Municipal Bond Credit Report: A university in Ohio looks long-term as it restructures its debt portfolio
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The University of Findlay, a private not-for-profit liberal arts school in Ohio, is pricing $40 million in low investment grade bonds Wednesday to restructure its current capital debt structure for both savings and to shed some future financing risks…. Link to Story
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Municipal Bond Credit Report: Backers say gas tax central to fixing Ohio’s road funding crisis
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Ohio Department of Transportation Director Jack Marchbanks presented a plan Thursday to increase Ohio’s gas tax by 18 cents to plug a $1 billion annual funding gap for the state’s roads…. Link to Story
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Municipal Bond Credit Report: Cleveland Clinic buyout boosts Florida health system’s rating
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Florida based Martin Health System’s revenue debt received a two-notch ratings boost on the back of its recently completed acquisition by the Cleveland Clinic. S&P Global
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Municipal Bond Credit Report: Tax appeal settlement is credit negative for Atlantic City
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: An unexpected tax appeal settlement with Atlantic City’s Hard Rock Hotel & Casino will steer financial resources away from recovery efforts in the Jersey Shore gambling hub, according to Moody’s Investors Service…. Link to Story
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Municipal Bond Credit Report: How Texas avoids the oil price roller coaster
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: AUSTIN, Texas — Texas is in a stronger position to withstand a recession than most other states — including other oil producers — thanks to its $12.5 billion rainy day fund, Texas Comptroller Glenn Hegar told The Bond Buyer’s Texas Public Finance Conference Wednesday…. Link to Story
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Municipal Bond Credit Report: New Jersey gets closer to moving state assets to pensions
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New Jersey Gov. Phil Murphy’s administration took the first step toward leveraging state assets to tackle its steep pension burden…. Link to Story