Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Alaska GO rating lowered to AA-minus by S&P Global Ratings
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Alaska had its rating lowered to AA-minus from AA by S&P Global Ratings, which retained a negative outlook… Link to Story
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Municipal Bond Credit Report: Los Angeles revenue shortfalls lead to city employee furloughs
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Los Angeles Mayor Eric Garcetti announced plans to furlough thousands of workers in Sunday night’s State of the City speech… Link to Story
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Municipal Bond Credit Report: Oil states face shock as market collapses amid economic shutdown
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: After the stunning collapse of some oil futures prices into negative territory Monday, energy producing states are struggling to adjust budgets for the coming months and the next fiscal year… Link to Story
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Municipal Bond Credit Report: Trump commits to state aid in the next emergency bill
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Infrastructure spending and aid to state and local governments will be part of the next round of coronavirus emergency spending, if President Donald Trump has his way… Link to Story
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Municipal Bond Credit Report: CARES Act update may extend loans to public hospital districts
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Pending federal legislation to pump more money into the depleted loan program created to help small businesses weather the economic shock of the coronavirus will give public hospital districts a bite at the apple… Link to Story
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Municipal Bond Credit Report: US weekly jobless claims hit 4.4 million, bringing 5-week total to more than 26 million
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Jobless claim filings continued at a historically unprecedented pace last week with 4.4 million new signups for unemployment insurance, bringing the total of the past five weeks to 26.4 million, the Labor Department said Thursday… Link to Story
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Municipal Bond Credit Report: Massive layoffs and pay cuts are likely coming to state and local governments as federal aid goes elsewhere
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: State and local governments are warning of a wave of layoffs and pay cuts after getting left out of the federal coronavirus relief package expected to pass Congress this week… Link to Story
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Municipal Bond Credit Report: McConnell Says He Favors Allowing States to Declare Bankruptcy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Senate Majority Leader Mitch McConnell said Wednesday he favors allowing states struggling with high public employee pension costs amid the burdens of the pandemic response to declare bankruptcy rather than giving them a federal bailout… Link to Story
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Municipal Bond Credit Report: Something Impossible Just Happened: A CLO Just Failed Its AAA Overcollateralization Test
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Over the weekend, we reported that in its quest to bailout the richest Americans and the country’s financial system, the Fed unleashed an unprecedented array of actions meant to backstop capital markets, going so far as buying investment grade, high yield bonds and even AAA-rated CLO bonds… Link to Story
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Municipal Bond Credit Report: Federal funds will help Chicago-area transit fight coronavirus toll
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Illinois Regional Transportation Authority plans to raise its short-term borrowing to help manage liquidity as the agency awaits federal help that should offset an expected $958 million blow to tax and farebox revenues caused by the COVID-19 pandemic… Link to Story