Tag: Municipal Bond Credit Research

Municipal Bond Credit Report: Ohio’s Wright State University is entering week two of a faculty strike. Moody’s Investors Service downgraded the school three notches to Baa2 last May and assigned a negative outlook. The rating agency said at the time that a failure to resolve the contract dispute could have an impact on ratings and…

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Municipal Bond Credit Report: Sweeping fiscal changes may come to St. Louis, St. Louis County and its local municipalities if backers of a plan to merge the city and county into a single metropolitan government succeed…. Link to Story

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Municipal Bond Credit Report: With default seen as near certain, Moody’s Investors Service downgraded to Caa3 from B1 a pool of California pension obligation bonds of which the largest component is from Paradise, the town decimated by the Camp Fire…. Link to Story

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Municipal Bond Credit Report: Tuition revenue pressures from a sharp enrollment drop led Vermont’s Green Mountain College to announce its closure after 183 years. The school in Poultney announced Wednesday plans to close at the end of the spring semester after efforts to salvage the tiny liberal arts institution failed to materialize. The college’s enrollment…

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Municipal Bond Credit Report: Beloit College has purchased through a tender most of its publicly offered $23 million 2016 issue in a debt restructuring that follows the private Wisconsin school’s cut to junk last summer…. Link to Story

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Municipal Bond Credit Report: Lockport, New York, was raised two notches to A3 by Moody’s Investors Service. The rating revival comes almost five years after severe cash flow problems drove the Niagara County seat to the verge of junk…. Link to Story

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Municipal Bond Credit Report: York County, South Carolina competitively prices the first of two general obligation bond issues Thursday, buoyed by a recent GO rating upgrade to Aaa by Moody’s Investors Service. Sealed bids will be taken Thursday for the first $10 million of high-grade GOs…. Link to Story

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Municipal Bond Credit Report: CHICAGO — Palos Health in suburban Chicago and Loyola Medicine have signed a letter of intent that could lead to the independent hospital joining Loyola, which is owned by not-for-profit behemoth Trinity Health. The non-binding letter of intent to explore merging Palos with Loyola follows their 2015 academic affiliation that allowed…

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Municipal Bond Credit Report: Ratings analysts don’t think the pending bankruptcy of California’s investor-owned PG&E Corporation will greatly stress the state and local governments. The corporation, which owns the Pacific Gas & Electric utility, announced Monday it would file for Chapter 11 bankruptcy protection in two weeks in the face of estimates upward of $30…

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Municipal Bond Credit Report: Maine Gov. Janet Mills authorized voter-approved senior housing bonds that were held up for three years by predecessor Paul LePage. Mills, a Democrat signed a financial order Tuesday to begin release of the $15 million in affordable housing bonds for Maine seniors voters approved with 69% support in 2015. LePage, a…

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