Tag: Municipal Bond Credit
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Municipal Bond Credit Report: New Jersey governor willing to accept Fed’s offer to buy municipal debt
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New Jersey Gov. Phil Murphy wants to take advantage of the Fed’s new powers to purchase municipal debt… Link to Story
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Municipal Bond Credit Report: Michigan, Pennsylvania, Wisconsin warn of $14 billion coronavirus hit
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The governors of Michigan, Pennsylvania, and Wisconsin warned of $14 billion in collective tax losses due to the COVID-19 economic shutdown in a letter Thursday pressing President Trump for more relief… Link to Story
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Municipal Bond Credit Report: Coronavirus threatens Detroit’s independence from state oversight
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: With its independence from state oversight at stake, Detroit Mayor Mike Duggan is proposing to manage a $348 million COVID-19-driven revenue hit by dipping into reserves and the city’s fund balance, along with layoffs and pay cuts… Link to Story
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Municipal Bond Credit Report: The US economy has erased nearly all the job gains since the financial crisis
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: It took only four weeks for the U.S. economy to wipe out nearly all the job gains in the last 11 years… Link to Story
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Municipal Bond Credit Report: U.S. weekly jobless claims highlight economic carnage from coronavirus
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A record 22 million Americans have sought unemployment benefits over the past month, with millions more filing claims last week, underscoring the deepening economic slump caused by the novel coronavirus outbreak. .. Link to Story
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Municipal Bond Credit Report: Banks brace for big loan defaults by US, global customers
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The major banks in the U.S. are anticipating a flood of loan defaults as households and business customers take a big financial hit from the coronavirus pandemic… Link to Story
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Municipal Bond Credit Report: The economic data is even worse than Wall Street feared: ‘The economy is clearly in ruins here’
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Consumer and manufacturing reports for March showed the hit to the economy from the coronavirus was even swifter and deeper in the early weeks of the shutdown than expected… Link to Story
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Municipal Bond Credit Report: Empty airports and bridges bring Port Authority a negative outlook
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Declining volume across the Port Authority of New York and New Jersey’s transportation assets brought the bi-state agency a negative rating outlook… Link to Story
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Municipal Bond Credit Report: Coronavirus brings New Jersey a negative outlook from Moody’s
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New Jersey’s rating outlook was revised to negative from stable Monday by Moody’s Investors Service, which affirmed its A3 rating on the state’s GO debt… Link to Story
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Municipal Bond Credit Report: Coronavirus pressures trigger another negative outlook for New York State
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New York State, which faces major financial uncertainty amid the ongoing COVID-19 pandemic, received its second credit hit in nine days Friday when Fitch Ratings revised its outlook to negative from stable… Link to Story