Tag: Municipal Bond Credit
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Municipal Bond Credit Report: The Housing Market Around New York City Is Booming
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: When Jacob Knoll left Manhattan last year to rent a home in New Paltz, N.Y., about a 90-minute drive from the city, he waited to see how much he liked the town before committing to buy there. Now, that hesitance is costing him… Link to Story
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Municipal Bond Credit Report: As Tampa considers ending the Channel district’s CRA funding, one developer says it could kill the urban neighborhood’s momentum
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Even with all of the progress in downtown Tampa’s Channel district in recent years — from the construction of over 1,000 new luxury apartments to a full-service grocery store — developer Ken Stoltenberg doesn’t think the district is anywhere close to done… Link to Story
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Municipal Bond Credit Report: U.S. Virgin Islands water, power authority may default on July 1
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. Virgin Islands Water and Power Authority may default on paying $49 million of bond anticipation notes on July 1, according to Fitch Ratings and Moody’s Investors Service… Link to Story
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Municipal Bond Credit Report: Governments May Revisit Postwar Playbook as They Tackle Huge Debts
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Leaders around the world have compared their efforts to bring the novel coronavirus under control to fighting a war. The similarities may not end when the battle to tame the virus has been won, and the debts accumulated by governments have to be repaid… Link to Story
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Municipal Bond Credit Report: California ratings hold, so far, as coronavirus smashes state budget
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California’s state bond ratings and outlooks, buoyed by record growth in the state’s reserves, have held steady, so far, even as lawmakers wrangle over steep budget cuts in response to the coronavirus pandemic… Link to Story
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Municipal Bond Credit Report: More governments make draws on reserves, disclose inability to pay
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: More and more municipalities are disclosing that they are unable to make principal and interest payments on their existing bond issues and are making unscheduled draws on debt service related to the pandemic… Link to Story
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Municipal Bond Credit Report: Coronavirus Continues to Weigh on U.S. Consumer Prices
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. consumer prices dropped for a third straight month in May as the coronavirus pandemic kept shoppers and travelers at home, but the rate of decline in inflation eased as the cost of groceries, rent and medical services rose… Link to Story
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Municipal Bond Credit Report: U.S. Budget Deficit Widened to $399 Billion in May From $208 Billion a Year Earlier
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. government’s budget deficit rose 92% in May from a year earlier to $399 billion, as revenues plummeted and spending surged on efforts to stem the new coronavirus pandemic and the fallout from lockdowns… Link to Story
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Municipal Bond Credit Report: U.S. Initial Unemployment Claims Fell to 1.5 Million Last Week
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The number of people seeking and receiving unemployment benefits fell, signs the labor market continues to mend… Link to Story
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Municipal Bond Credit Report: Fed Officials Project No Rate Increases Through 2022
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve officials signaled plans to keep interest rates near zero for years and said they were studying how to provide more support to a U.S. economy battered by the coronavirus and related shutdowns… Link to Story