Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Harvey, Illinois, gets two years to refinance defaulted bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Harvey, Illinois, gets a roughly two-year window to restructure debt under a court-approved consent decree with a group of bondholders that allows the city to keep 90% of pledged tax revenues… Link to Story
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Municipal Bond Credit Report: U.S. July Retail Sales Increased 1.2% Even as Coronavirus Cases Rose
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. households boosted retail spending 1.2% in July, sending sales above pre-pandemic levels in a sign the economy continues to heal from the recession despite a rise in virus infections… Link to Story
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Municipal Bond Credit Report: Weekly Unemployment Claims Drop Below One Million for First Time Since March
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. unemployment claims fell below one million last week for the first time since the coronavirus pandemic struck in March, as the deeply wounded labor market continues to regain some footing… Link to Story
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Municipal Bond Credit Report: Unemployment Rate Fell to 10.2% in July, U.S. Employers Added 1.8 Million Jobs
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Hiring increased in July for the third straight month, though overall gains have yet to restore half of the U.S. jobs lost due to the coronavirus pandemic… Link to Story
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Municipal Bond Credit Report: Covid-19 Pandemic Triggers Wave of Long-Term Unemployment
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: An increasing number of workers were unemployed for more than three months in July, a signal that the coronavirus pandemic is likely to have a lasting economic impact on many people… Link to Story
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Municipal Bond Credit Report: Southern Illinois city takes four-notch rating hit over over budget strains
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Carbondale, Illinois — home of Southern Illinois University’s flagship campus — was slapped with a four-notch downgrade over budgetary and pension strains ahead of a $3.6 million refunding… Link to Story
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Municipal Bond Credit Report: Rating agencies weigh in on California Supreme Court pension ruling
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Two rating agencies weighed in on a recent California Supreme Court ruling in a pension reform case that could have had wider ramifications for a series of pension rulings, commonly referred to as the “California Rule,” which has created ironclad protections for government worker pensions… Link to Story
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Municipal Bond Credit Report: U.S. Jobless Claims Fell to 1.2 Million in Aug. 1 Week
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Filings for jobless benefits fell last week to their lowest level since March, a sign layoffs eased somewhat as the labor market tries to recover from the coronavirus pandemic… Link to Story
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Municipal Bond Credit Report: Moody’s downgrades Hawaii ratings ahead of bond sale
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The drop in tourism amid the coronavirus pandemic has resulted in a downgrade of Hawaii’s ratings by Moody’s Investors Service affecting $9 billion in outstanding debt ahead of the state’s planned bond sale Wednesday… Link to Story
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Municipal Bond Credit Report: Office Markets Under Pressure as Coronavirus Squeezes Cities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Urban office markets and other commercial real estate in major cities are experiencing their worst stretch in decades, upended by the pandemic, changes in work behavior and struggling city economies… Link to Story