Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Deficit woes could cost New Jersey City University investment-grade rating
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Mounting deficits following an aggressive capital spending campaign drove New Jersey City University to the edge of junk status ahead of a $52 million revenue refunding bond sale… Link to Story
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Municipal Bond Credit Report: US Treasury seeks to borrow a record $3 trillion this quarter
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Massive stimulus to support the U.S. economy through the coronavirus crisis will cause the Treasury to borrow a record $3 trillion this quarter… Link to Story
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Municipal Bond Credit Report: California Is First State to Borrow From Federal Government to Make Unemployment Payments
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California has become the first state to borrow money from the federal government so it can continue paying out rising claims for unemployment benefits during the coronavirus pandemic… Link to Story
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Municipal Bond Credit Report: Grading the State Virus Response
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The government response to the coronavirus has been a tale of 50 states as much as Washington, but most media attention focuses on the White House. Readers therefore might appreciate a comparative look at how state governors have handled the pandemic and especially as they reopen their economies at different times…
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Municipal Bond Credit Report: Triple dose of bad news for some Chicagoland bond issuers
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago’s motor fuel bonds, the city’s park district, and Cook County suffered rating or outlook blows this week due to the strains posed by the COVID-19 pandemic… Link to Story
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Municipal Bond Credit Report: Counties could get a separate piece of $1 trillion in federal aid
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Congressional Democrats are negotiating with Republicans for up to $1 trillion in state, county and local government aid in a CARES Act 2 bill that would include some infrastructure spending such as broadband… Link to Story
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Municipal Bond Credit Report: April Jobs Report Likely to Show Highest Unemployment Rate on Record
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: April’s employment report, to be released Friday, will almost certainly show that the coronavirus pandemic inflicted the largest one-month blow to the U.S. labor market on record… Link to Story
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Municipal Bond Credit Report: Liability Shield Is Next Coronavirus Aid Battle
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Senate Republicans’ efforts to shield companies from liability during the coronavirus pandemic sets the stage for a showdown with Democrats, as allies of businesses and labor fight over the terms under which the economy will emerge from its partial shutdown… Link to Story
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Municipal Bond Credit Report: Illinois CAFR shines light on state’s severe fiscal ills
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois headed into the COVID-19 pandemic in weaker overall fiscal shape than the previous year as tax revenue fell short of offsetting the state’s obligations… Link to Story
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Municipal Bond Credit Report: How coronavirus crisis exposes tech and data gaps
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: As COVID-19 batters cities, an overhanging question in public finance is whether the crisis can elicit more efficient governing post-pandemic… Link to Story