Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Fed Unanimously Approves Shift on Inflation Goal, Ushering in Longer Era of Low Rates
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve unanimously approved on Thursday a new strategy that will effectively set aside a practice it has followed for more than three decades to pre-emptively lift interest rates to head off higher inflation… Link to Story
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Municipal Bond Credit Report: Unemployment Claims Remain Historically High
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Unemployment claims fell slightly last week but remained historically high, signaling layoffs continue as the coronavirus continues to hamper the economic recovery… Link to Story
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Municipal Bond Credit Report: Chicago weighs unfunded infrastructure and water line replacement needs
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago needs $2.7 billion to fully fund its five-year infrastructure maintenance needs and may need another $8 billion to $10 billion to replace the water enterprise system’s lead service pipes, city officials said… Link to Story
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Municipal Bond Credit Report: Hit hard by coronavirus, airports look to the future
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Airport executives are looking hopefully for future federal investment as they suffer serious revenue declines due to the coronavirus pandemic… Link to Story
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Municipal Bond Credit Report: U.S. Economic Recovery Gains Steam While Others Stutter
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. economy picked up momentum this month as companies shook off the effects of the pandemic-induced downturn, though recoveries in other parts of the world slowed, according to new surveys of purchasing managers… Link to Story
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Municipal Bond Credit Report: New York City Faces Toughest Fiscal Crisis Since the 1970s
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New York City faces a $9 billion deficit over the next two years, high levels of unemployment and the prospect of laying off 22,000 government workers if new revenue or savings aren’t found in the coming weeks… Link to Story
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Municipal Bond Credit Report: Trend or outlier? Reactions as New York MTA taps Fed program
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: After the New York Metropolitan Transportation Authority rejected bids on $450.7 million of notes Tuesday and instead sold them to the Federal Reserve Bank, sources pondered whether it would open the window wide for the Fed’s short-term borrowing program for other issuers or if it was a one-off… Link to Story
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Municipal Bond Credit Report: Chicago Public Schools’ fiscal prospects hinge on state and feds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Chicago Board of Education votes next week on an $8.4 billion budget as the district tries to navigate the COVID-19 pandemic’s toll on academics and local, state, and federal funding… Link to Story
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Municipal Bond Credit Report: A wave of teacher retirements could impact pension funds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Teacher pension funds could be faced with a perfect storm if a wave of teacher retirements occur because of the COVID-19 pandemic… Link to Story
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Municipal Bond Credit Report: School reopenings credit positive for NYC, state, says Moody’s
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Approval to reopen schools marks a credit-positive step in the economic recovery for New York City, New York State and the Metropolitan Transportation Authority, Moody’s Investors Service said… Link to Story