Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Covid Still Poses Challenges for Financial System, Fed’s Quarles Says
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Global policy makers responded decisively to the coronavirus outbreak earlier this year but the financial system isn’t out of the woods yet, a top Federal Reserve official said Tuesday… Link to Story
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Municipal Bond Credit Report: Layoffs Fell in May to Pre-Coronavirus Levels
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The number of Americans dismissed from their jobs fell sharply in May to match levels recorded before the coronavirus pandemic and related shutdowns caused widespread layoffs… Link to Story
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Municipal Bond Credit Report: New Coronavirus Surges Slow Economic Recovery
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The nation’s fledgling economic recovery is losing momentum, as a new wave of coronavirus infections causes businesses to scale back or reshutter in several big states and consumers to retreat anew… Link to Story
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Municipal Bond Credit Report: U.S. Treasury Reaches Loan Agreements With Five Major Airlines
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. Treasury Department has agreed to terms for loans to American Airlines Group Inc. and four smaller airlines as part of an aid program to help the industry weather the coronavirus pandemic… Link to Story
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Municipal Bond Credit Report: Rating agency choice scrutinized in audit of a California school district
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A recent audit by a California agency raised questions about a San Diego-area school district’s decision to choose a rating agency with criteria likely to result in a higher rating for a general obligation bond sale… Link to Story
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Municipal Bond Credit Report: Judge’s ruling slams door on Puerto Rico revenue bondholders
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Puerto Rico bankruptcy Judge Laura Taylor Swain rejected three related claims of bondholder liens on broad categories of commonwealth revenues, likely resulting in nearly $7 billion of outstanding debt paying pennies on the dollar… Link to Story
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Municipal Bond Credit Report: U.S. Trade Deficit Widened in May as Both Exports, Imports Fell
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Trade between the U.S. and the rest of the world slowed further in May in a sign of the continuing toll that the coronavirus pandemic was taking on the global economy… Link to Story
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Municipal Bond Credit Report: U.S. Unemployment Rate Fell to 11.1% in June
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Unemployment fell and the U.S. economy regained 4.8 million jobs in June, but the recent surge in coronavirus infections could throw the recovery off course… Link to Story
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Municipal Bond Credit Report: New York Municipalities Feel Budget Crunch as Coronavirus Pandemic Squeezes Funding
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Officials in Buffalo, the second-largest city in New York, were already preparing to borrow $18 million to keep them in the black after the novel coronavirus caused municipal revenues—from parking meters to sales tax—to shrivel… Link to Story
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Municipal Bond Credit Report: Cook County warns of $400 million coronavirus sting in 2021 budget
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Still working to close a COVID-19 pandemic driven fiscal 2021 budget hole, Illinois’ largest county is projecting a $410 million gap heading into the next budget with tax hikes, job cuts, furloughs, reserve use and pension contributions all on the table to fill it… Link to Story