Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Threat of coronavirus-driven mass evictions weighs on economy, budgets
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A threatened wave of evictions poses a growing threat to multifamily housing bonds and an increased strain on urban budgets, experts say… Link to Story
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Municipal Bond Credit Report: California fires compound challenges for cities reeling from pandemic
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California wildfires that have scorched 1.5 million acres will compound the challenges for local governments already reeling from the coronavirus pandemic, but Moody’s Investors Service says in most cases they will emerge with their bond ratings intact… Link to Story
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Municipal Bond Credit Report: Early closings due to coronavirus could worsen UConn deficits
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Early campus closures due to any spike in COVID-19 cases during the school year could raise the University of Connecticut’s fiscal 2021 operating deficits to $116 million or higher from the current $74 million, the school president told state lawmakers… Link to Story
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Municipal Bond Credit Report: Job Seekers, Homebuyers, Stock Investors Are Expected to Benefit From Fed’s New Strategy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve’s new strategy means that interest rates are likely to stay exceptionally low for a longer—a boon to people looking for work, buying a home or investing in stocks… Link to Story
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Municipal Bond Credit Report: Top Fed Official Says New Framework Provides More Humble Approach to Setting Rates
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A top Federal Reserve official said the central bank would resume discussions at its meeting in two weeks over how it could refine its guidance about plans to keep interest rates lower for longer… Link to Story
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Municipal Bond Credit Report: Chicago Faces a $1.2 Billion Budget Gap for 2021 Due to Coronavirus Pandemic
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago officials projected a record $1.2 billion budget gap for 2021, as the coronavirus pandemic wallops economic activity and increases city expenses… Link to Story
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Municipal Bond Credit Report: California Enacts Eviction Moratorium
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California’s legislature passed a bill late Monday granting renters who are financially affected by the Covid-19 pandemic a reprieve from evictions, which were set to resume Wednesday when prior relief expires… Link to Story
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Municipal Bond Credit Report: Counties reconfigure with no end to pandemic in sight
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Counties are slashing budgets and rethinking their long-term goals as anxiety builds on how long the coronavirus pandemic could last… Link to Story
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Municipal Bond Credit Report: City streets back new bonds California cities issue to fund pensions
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Some California cities have shifted to issuing lease revenue bonds to pay down unfunded pension liabilities instead of using the more familiar pension obligation bond structure… Link to Story
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Municipal Bond Credit Report: States facing rating downgrades, budget cuts as Washington dithers
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: States are accelerating budget cuts as the Trump administration and Congress appear nowhere near a deal to provide additional federal aid… Link to Story