Tag: Municipal Bond Credit Research

Municipal Bond Credit Report: WASHINGTON – Municipal issuance is expected to drop for a second-straight year in 2019, falling about 5.4% from this year’s level, according to the 2019 SIFMA Municipal Issuance Survey… Link to Story

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Municipal Bond Credit Report: A school district in upstate New York missed a bond payment last month because of a snow day. The Hartford Central School District said in a regulatory filing that it was late making principal and interest payments due Nov. 16. on a $335,000 bond anticipation notes issued a year earlier because…

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Municipal Bond Credit Report: The U.S. Virgin Islands Water and Power Authority succeeded in refinancing two notes that had been due in the last two weeks, sidestepping default. The authority reported the success in a posting to the Electronic Municipal Marketplace Access web site, where it also posted its fiscal year 2017 certified accounted financial…

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Municipal Bond Credit Report: Columbia, South Carolina, successfully tested the waters in issuing its first green bond deal. The city Dec. 6 priced $38 million of stormwater revenue bonds certified by the Climate Bond Initiative. Closing on the deal is Wednesday…. Link to Story

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Municipal Bond Credit Report: A bankrupt California hospital system has agreed to sell two of its six hospitals to Santa Clara County. Verity Health System filed for Chapter 11 bankruptcy on Aug. 31 just three years after a deal put the troubled nonprofit under a hedge fund’s management…. Link to Story

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Municipal Bond Credit Report: The Southern California Logistics Airport Authority saw $96 million in tax allocation revenue bonds upgraded by Moody’s Investors Service after it cured nearly a decade of defaults.Victorville, California became current Dec. 1 on bond payments that left a seven-year trail of defaults and forced the city to settle a bond fraud…

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Municipal Bond Credit Report: Good Samaritan Hospital of Vincennes, Indiana, lost its investment grade rating from Moody’s Investors Service over its cash flow challenges and growing expenses. The rating agency downgraded the Knox County-owned hospital to Ba1 from Baa3 impacting roughly $114 million of outstanding debt. The hospital has issued bonds through the Indiana Finance…

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Municipal Bond Credit Report: The Municipal Electric Authority of Georgia plans to issue $245 million of tax exempt bonds for projects unrelated to the agency’s troubled nuclear reactor construction project. The MEAG Power deal, selling as $175 million of series HH Project One senior power revenue bonds and $70 million of senior General Resolution project…

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Municipal Bond Credit Report: DALLAS – A Texas charter school operator plans to price what industry participants say will be the largest-ever deal for charter schools on Tuesday. International Leadership Texas will use the proceeds of the $346 million in unrated bonds to buy 13 campuses across the state. The deal, expected to close Dec.…

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Municipal Bond Credit Report: DALLAS – Arizona this week plans to lock in rates on $250.7 million of lottery revenue refunding bonds that will not be delivered for 10 months.The forward-delivery contract is an alternative to the tax-exempt advance refundings Congress eliminated in its 2017 tax legislation…. Link to Story

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