Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Supreme Court ruling keeps Puerto Rico debt restructuring on track
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Puerto Rico’s debt restructuring will remain on track as a result of Monday’s unanimous U.S. Supreme Court ruling that upheld the structure of the commonwealth’s financial oversight board… Link to Story
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Municipal Bond Credit Report: U.S. Economy Faces Long Recovery From Coronavirus Effects, Experts Say
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. economy could take the better part of a decade to fully recover from the coronavirus pandemic and related shutdowns, a U.S. budget agency said, as a series of surveys pointed to continuing weakness in global manufacturing… Link to Story
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Municipal Bond Credit Report: Denver Was Booming Before the Coronavirus Pandemic. Now It Hopes to Bounce Back
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Before the coronavirus pandemic, few American cities were creating jobs faster than Denver. Nor had many places aligned themselves so closely with sectors that have since been battered by shutdowns aimed at curbing the spread of the virus, such as tourism and energy… Link to Story
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Municipal Bond Credit Report: Supreme Court upholds Puerto Rico financial oversight board
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Supreme Court on Monday upheld the oversight board established by Congress to help Puerto Rico out of a devastating financial crisis that has been exacerbated by the coronavirus outbreak, recent earthquakes and damage from Hurricane Maria in 2017. The justices reversed a lower court ruling that threatened to throw the…
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Municipal Bond Credit Report: Cities’ Next Coronavirus Dilemma: Cut Essential Services or Take On More Debt
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Cities across the U.S. are hemorrhaging money as the coronavirus pandemic shut down commerce, entertainment and tourism activities that provide much of their revenue… Link to Story
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Municipal Bond Credit Report: Retailers and Restaurants Hit in Protests, Adding to Coronavirus Damage
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Many retailers and restaurants, already crippled by the coronavirus pandemic, are grappling with damage to their properties and new closures following protests sparked by the death of George Floyd that have sometimes turned violent… Link to Story
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Municipal Bond Credit Report: Pandemic will not delay Libor phaseout
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The COVID-19 pandemic will not delay the phaseout of Libor at the end of 2021, participants in a seminar sponsored by the Government Finance Officers Association were told Thursday… Link to Story
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Municipal Bond Credit Report: Easing Unemployment Claims Show Slower Pace of Coronavirus-Related Layoffs
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The number of workers receiving unemployment benefits fell for the first time since February and new weekly claims continued to ease, offering evidence that layoffs related to the coronavirus pandemic are slowing… Link to Story
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Municipal Bond Credit Report: Federal Reserve Ramps Up Deliberations on Asset Purchases, Rate Guidance
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve officials head into their next policy meeting deliberating how to assist an economy in a deeper hole than it faced after the 2008 financial crisis at a time when their tools might have less zip… Link to Story
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Municipal Bond Credit Report: Consumer Spending Fell a Record 13.6% in April
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. consumer spending fell by a record 13.6% in April during coronavirus lockdowns, but there are signs that purchasing is starting to pick up… Link to Story