Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Coronavirus job losses could total 47 million, unemployment rate may hit 32%
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Millions of Americans already have lost their jobs due to the coronavirus crisis and the worst of the damage is yet to come, according to a Federal Reserve estimate… Link to Story
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Municipal Bond Credit Report: Jobless claims soar past 3 million to record high
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Americans displaced by the coronavirus crisis filed unemployment claims in record numbers, with the Labor Department reporting Thursday a surge to 3.28 million… Link to Story
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Municipal Bond Credit Report: Dramatic muni rally reverses recent coronavirus-driven selloff
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The municipal market experienced an enormous rally Wednesday, swiftly reversing from the pronounced sell off it had experienced over the course of several wrenching, dislocated trading sessions due to the effects of the coronavirus… Link to Story
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Municipal Bond Credit Report: MSRB responds to COVID-19 rocking the market
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Municipal Securities Rulemaking Board will be publishing daily data summaries, pushing back comment deadlines and suspending a price alert in response to market volatility and COVID-19 concerns… Link to Story
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Municipal Bond Credit Report: $2 trillion emergency relief includes muni market provisions
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Coronavirus Relief fund of $150 billion would be shared among state, local and tribal governments while the Federal Reserve would be authorized to purchase all types of municipal bonds under the $2 trillion package the Trump administration has agreed to with the Senate… Link to Story
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Municipal Bond Credit Report: Chicago and Illinois look to federal government for COVID-19 help
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago and Illinois are counting on the federal government to help replenish coffers battered by the response to COVID-19 and loss of tax revenues from shuttered businesses but they have stopped short of putting dollar amounts on what’s needed… Link to Story
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Municipal Bond Credit Report: COVID-19-driven border restrictions a blow to bridge bonds, Texas economy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The 28 bridges and border crossing points between Texas and Mexico will remain open to essential traffic and trade, but the partial closure will deliver another economic blow to the Lone Star State as it reckons with a collapsing oil market… Link to Story
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Municipal Bond Credit Report: As toll roads go cashless, the sector outlook turns negative
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: With some toll roads going cashless to limit human contact during the COVID-19 outbreak, two rating agencies have turned the sector outlook negative as more people telecommute, schools close, public gatherings are limited and some businesses close their doors, voluntarily or otherwise… Link to Story
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Municipal Bond Credit Report: U.S mass transit agencies seek $25 billion
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A coalition of U.S. transit agencies including New York’s Metropolitan Transportation Authority have written congressional leaders requesting a relief package that includes at least $25 billion of COVID-19 related support… Link to Story
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Municipal Bond Credit Report: Port Authority, NJ Transit seek bailout funds amid COVID-19 battle
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Port Authority of New York and New Jersey and New Jersey Transit both requested federal bailouts as revenues plunge because of the COVID-19 pandemic… Link to Story