Tag: Municipal Bond Credit
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Municipal Bond Credit Report: U.S. Unemployment Claims Held Steady Last Week
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. unemployment claims held steady at 884,000 last week, the Labor Department reported Thursday, a sign the labor-market recovery is losing steam six months after the coronavirus pandemic struck the U.S… Link to Story
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Municipal Bond Credit Report: A Surprisingly Durable Recovery Faces Tougher Tests
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: When the stock market began to rally back in March, it seemed oblivious to an economy sliding into its worst contraction since the Great Depression… Link to Story
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Municipal Bond Credit Report: Texas ends fiscal year with tax revenues down 3.4%
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Texas began its 2021 fiscal year on Sept. 1 with the prospect of $1 billion of budget cuts amid lost revenue due to the coronavirus pandemic, but the shortfall for the fiscal year that ended Aug. 31 was not as bad as expected, according to state Comptroller Glenn Hegar… Link to…
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Municipal Bond Credit Report: Southwest steps in after JetBlue vacates Long Beach airport
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Southwest Airlines’ willingness to take the slots JetBlue is vacating at California’s Long Beach Airport by JetBlue is good for the A3-rated airport, according to Moody’s Investors Service… Link to Story
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Municipal Bond Credit Report: Austin loses triple-A rating ahead of $271 million bond sale
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s Investors Service on Thursday downgraded the city’s general obligation bonds to Aa1 with a stable outlook, citing “high leverage and fixed costs attributable to the city’s pension and other post employee benefit plans.” Moody’s had rated Austin Aaa since 2010… Link to Story
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Municipal Bond Credit Report: Mortgage Refinancings Boom, Even as Coronavirus Hits Economy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The mortgage market recorded its best quarter in years this spring, a reflection of how the housing market is booming in 2020 even as much of the economy stumbles… Link to Story
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Municipal Bond Credit Report: U.S. Unemployment Declined in August as Hiring Continued – WSJ
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. employers added 1.4 million jobs in August and the unemployment rate fell to 8.4%, the Labor Department reported Friday, as the economy continued to rebound from the coronavirus pandemic… Link to Story
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Municipal Bond Credit Report: U.S. Trade Deficit Widest Since 2008 in July as Imports Outpaced Exports
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. trade deficit widened in July as Americans’ appetite for foreign-made goods bounced back while exports rose more modestly… Link to Story
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Municipal Bond Credit Report: U.S. Debt Is Set to Exceed Size of the Economy Next Year, a First Since World War II
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. debt has reached its highest level compared to the size of the economy since World War II and is projected to exceed it next year, the result of a giant fiscal response to the coronavirus pandemic… Link to Story
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Municipal Bond Credit Report: Jobless Claims Ease, Showing Slowly Improving Labor Market
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The number of people seeking and receiving state unemployment benefits fell at the end of August, signs of a slow improvement in a U.S. labor market still deeply damaged by the coronavirus pandemic… Link to Story