Tag: Municipal Bond Credit Research

Municipal Bond Credit Report: Hawaii’s state auditors released two reports highly critical of Honolulu’s 20-mile rail transit project just ahead of plans to price $250 million in general obligation bonds for the project. Construction costs for the 20.1-mile automated elevated transit line project have ballooned to $8.29 billion from the original estimate of $5.1 billion…

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Municipal Bond Credit Report: Completion of a replacement Tappan Zee Bridge while keeping debt levels in check triggered an upgrade to New York State Thruway Authority bonds. Moody’s Investors Service upgraded the authority’s senior revenue bonds to A1 from A2 and junior revenue bonds to A2 from A3 Tuesday. The rating outlook on the $5.375…

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Municipal Bond Credit Report: LOS ANGELES — Los Angeles teachers are on strike, but the bond ratings of the nation’s second-biggest school district aren’t likely to change. Three rating agencies have said they don’t see an immediate rating impact from the strike, though all say the labor action underscores long term problems at Los Angeles…

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Municipal Bond Credit Report: WASHINGTON — As the federal shutdown nears a month in duration, the District of Columbia is staying afloat through employment diversification and strong reserves, according to a recent S&P Global Ratings report…. Link to Story

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Municipal Bond Credit Report: Looming clouds, from a possible recession that could dampen investment revenue and philanthropy to potential federal actions and Medicaid changes, threaten the not-for-profit healthcare sector’s stable outlook this year, S&P Global Ratings warns…. Link to Story

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Municipal Bond Credit Report: A prolonged federal government shutdown would have negative credit implications for New Jersey Transit and other transportation agencies not felt in past budget standoffs, according to Moody’s Investors Service…. Link to Story

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Municipal Bond Credit Report: The decision by South Carolina’s Santee Cooper not to complete two nuclear reactors is growing more complex with a new round of legal finger-pointing about who’s to blame for the project’s failure…. Link to Story

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Municipal Bond Credit Report: Coralville, Iowa, wrapped up a $76 million financing package for a new arena that cost the city its investment grade rating. The city sold $25 million of unrated taxable annual appropriation general obligation bonds last month. … Link to Story

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Municipal Bond Credit Report: Mississippi will issue $279 million in gaming tax revenue bonds to fund an emergency bridge and road replacement program across the state. The 20-year limited obligation bonds price Thursday … Link to Story

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Municipal Bond Credit Report: Ohio-based American Municipal Power will sell $56 million of bonds Tuesday to refinance debt it used to prepay for solar power from 13 solar power plants. AMP’s prepayment was negotiated between DG AMP Solar, a subsidiary of NextEra Energy Resources LLC and AMP, under a March 2018 power purchase agreement for…

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