Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Moody’s sees some light at end of Chicago’s casino tunnel
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: State tax law changes that improve Chicago’s prospects for developing its first casino will help efforts to cover rising pension contributions but the project falls short of solving the city’s budgetary and pension woes, according to Moody’s Investors Service… Link to Story
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Municipal Bond Credit Report: Fed Outlook Turns Gloomier as Coronavirus Spreads
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve officials meet Tuesday and Wednesday facing growing doubts about the prospect for a sustained economic rebound due to the nation’s uneven public-health response to the coronavirus… Link to Story
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Municipal Bond Credit Report: U.S. Orders for Long-Lasting Goods Gained in June
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Orders for long-lasting U.S. factory goods rose in June as the economy continued its climb back from disruptions related to the coronavirus pandemic, though a summer surge in virus infections could damp future gains… Link to Story
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Municipal Bond Credit Report: Economic Recoveries in U.S., Europe Take Diverging Paths
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. economy lagged in July and Europe’s bounced back, according to fresh surveys of purchasing managers, evidence that the two economic powerhouses are recovering at different speeds from the coronavirus pandemic… Link to Story
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Municipal Bond Credit Report: White House Works to Sell GOP Senators on Payroll-Tax Cut – WSJ
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The White House and Senate Republicans sought to bridge divisions on a payroll-tax cut, school funding and other issues on Tuesday, with top Trump administration officials meeting with Senate Republicans and then Democrats to discuss the next coronavirus aid package… Link to Story
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Municipal Bond Credit Report: Bond insurers see surge in business – Bond Buyer
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The largest active municipal bond insurers wrapped $13.65 billion in the first half of 2020, an uptick from the $9.76 billion of deals done in the first six months of 2019… Link to Story
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Municipal Bond Credit Report: Municipal Bond Defaults Will Be A Wake-Up Call For Bond Insurers – Forbes
Municipal Bond Credit Report: The coronavirus has had a devastating effect on the short-term finances of every state and municipal entity dependent on sales and payroll taxes for the revenues… Link to Story
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Municipal Bond Credit Report: Tribal reservation ruling puts governance of half of Oklahoma in doubt
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A U.S. Supreme Court ruling that declared that Native American tribes had never ceded control of reservation land that covers most of eastern Oklahoma raises the prospect of fiscal and regulatory disruption, according to filings in the case… Link to Story
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Municipal Bond Credit Report: Wayne State University outlook dims on coronavirus, governance strains
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Wayne State University heads into the market this week with two new negative rating outlooks as the COVID-19 pandemic and potential state aid cuts add to governance and medical school challenges confronting the Detroit-based school… Link to Story
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Municipal Bond Credit Report: Debt, coronavirus drive multiple downgrades to Connecticut town
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Hamden, Connecticut, received its second hit from a rating agency in four days and third in seven months when Fitch Ratings on Monday night downgraded the 61,000-population New Haven suburb’s general obligation bonds to BBB from BBB-plus… Link to Story