Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Michigan expects ‘staggering’ revenue losses from coronavirus
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Michigan expects to lose $3.2 billion in revenue it was counting on to fund this year’s budget, and another $5 billion over the next two fiscal years as the COVID-19 pandemic pummels the state’s economy… Link to Story
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Municipal Bond Credit Report: Fed opens doors to issuers for MLF program
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve is now accepting letters of interest from issuers for its municipal short-note program, which suggests it won’t be long before states and local governments are able to start securing financing — if they choose to go that route… Link to Story
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Municipal Bond Credit Report: Homebuilder sentiment bounces back in May, after record plunge in April
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: After the sharpest one-month drop in the history of the index in April, homebuilder sentiment bounced back slightly in May as builders saw a quick rebound in interest from buyers… Link to Story
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Municipal Bond Credit Report: Federal government should help states, cities and hospitals recover from coronavirus, Gary Cohn says
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The federal government should help cities, states and hospitals recover some of the money lost amid the coronavirus pandemic, President Donald Trump’s former economic advisor Gary Cohn said Monday… Link to Story
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Municipal Bond Credit Report: Fed’s Jerome Powell Says Economy Faces Long, Uncertain Recovery
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve Chairman Jerome Powell said in an interview broadcast on Sunday that the U.S. economy could take more than a year to recover from the coronavirus-induced shock… Link to Story
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Municipal Bond Credit Report: The Fed’s $600 Billion Challenge: Lending Directly to Businesses
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve is preparing to lend directly to middle-market businesses, filling a hole left by the government’s economic crisis relief efforts, and it is shaping up to be one of the trickiest things it has ever done… Link to Story
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Municipal Bond Credit Report: Tennessee reports revenues drop off nearly 40% in April
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Tennessee’s state revenue collections dropped $693.8 million in April for a year-over-year decline of 39.75%, according to Department of Finance and Administration Commissioner Butch Eley… Link to Story
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Municipal Bond Credit Report: Coronavirus Lockdowns Trigger Rapid Drop in Retail Sales, Factory Output
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Consumers pulled back on spending and factories cut output at the fastest pace in decades as lockdowns to contain the coronavirus pandemic hit the U.S. economy… Link to Story
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Municipal Bond Credit Report: Industrial Production in U.S. Fell 11.2% in April
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. industrial production posted the steepest one-month fall on record in April as efforts to control the coronavirus pandemic closed factories, sapped demand and froze global supply chains… Link to Story
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Municipal Bond Credit Report: Fed expects muni lending program up in few weeks, while issuers forge ahead
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve leadership said their municipal short-term lending program will be up and running in a matter of weeks, not months, while municipalities forge ahead and price deals to a mostly receptive muni market… Link to Story