Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Beleaguered Public Pension Funds Make Record Gains in Second Quarter
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Public pension funds set a 22-year performance record in the second quarter, recovering some but not all of their losses from the first quarter… Link to Story
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Municipal Bond Credit Report: U.S. Economy Contracted at Record Rate Last Quarter; Jobless Claims Rise to 1.43 Million
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The economy contracted at a record rate last quarter and July setbacks for the jobs market added to signs of a slowing recovery as the country faces a summer surge in coronavirus infections… Link to Story
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Municipal Bond Credit Report: New Jersey bill would let municipalities borrow to ease coronavirus revenue woes
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A municipal bonding bill approved by New Jersey lawmakers Thursday that would enable local governments to borrow to offset some revenue losses driven by the COVID-19 pandemic may not get the blessing of Gov. Phil Murphy… Link to Story
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Municipal Bond Credit Report: Fed Maintains Stimulus Commitment as Economic Outlook Dims
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve said the U.S. economy faced major challenges from the coronavirus pandemic and reiterated its pledge to take aggressive action to support an eventual recovery… Link to Story
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Municipal Bond Credit Report: Federal government uniquely positioned to provide coronavirus relief
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: As House Democrats and Senate Republicans negotiate another round of coronavirus financial aid, experts and state and local officials are making the case that only the federal government is capable of preventing a serious long-term struggle for municipalities… Link to Story
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Municipal Bond Credit Report: Florida sees $2 billion loss in 2020 budget due to coronavirus
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Florida finished fiscal 2020 with a nearly $2 billion loss in the state’s general revenue fund because of the COVID-19 pandemic… Link to Story
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Municipal Bond Credit Report: New Jersey Lottery receipt slump pressures pension funding
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A slump in New Jersey Lottery revenues adds stress to the state’s already struggling pension system… Link to Story
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Municipal Bond Credit Report: Colorado gets negative credit feedback from Moody’s on pension funding decision
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Under budget pressure from the COVID-19 pandemic, Colorado lawmakers withheld a $225 million contribution to the state’s pension plan for the current fiscal year, a decision that will have negative implications for the state’s Aa1 credit rating, according to Moody’s Investors Service… Link to Story
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Municipal Bond Credit Report: Fed Extends Emergency Lending Programs by Three Months
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve said Tuesday it extended by three months the operation of all of its emergency lending programs that had been set to run through September to support economic activity during the coronavirus pandemic… Link to Story
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Municipal Bond Credit Report: U.S. Home-Price Growth Decelerated in May
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Home-price growth slowed slightly in May, as home sales fell for a third straight month due to a widespread shutdown of economic activity in many parts of the country… Link to Story