Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Bond Downgrades Begin Amid Coronavirus Slowdown
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Credit-ratings firms have issued a wave of downgrades for corporate and government bonds as they reassess the ability of borrowers to repay their obligations amid the coronavirus slowdown… Link to Story
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Municipal Bond Credit Report: New York MTA lays down a marker with call for federal rescue
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: When New York’s Metropolitan Transportation Authority confirmed it would tap $1 billion of its commercial bank credit on Friday, Chairman Patrick Foye called the COVID-19 crisis a national disaster that requires a national response… Link to Story
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Municipal Bond Credit Report: Texas cuts red tape for issuers amid pandemic uncertainty
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Texas Gov. Greg Abbott’s partial suspension of the Open Meetings Law has allowed the bond industry to proceed with upcoming issues, though many have been sidelined by market turmoil, according to industry executives… Link to Story
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Municipal Bond Credit Report: Amid COVID-19 downturn, Florida will proceed with record spending plan
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: As Florida lawmakers prepare to vote on the state’s record $93.2 billion budget, losses because of the novel coronavirus have already begun mounting for industries that support the state’s economy… Link to Story
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Municipal Bond Credit Report: UCLA Anderson Forecast says country has entered a recession; downturn will hit Calif. hardest
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The UCLA Anderson Forecast economists announced Monday the country has entered a recession, and it’s expected to be more severe in California than nationally… Link to Story
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Municipal Bond Credit Report: New York MTA requests $4 billion federal bailout
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New York’s Metropolitan Transportation Authority, the nation’s largest mass-transit system and one of the largest issuers of municipal debt, has asked the federal government for a $4 billion bailout in light of plummeting revenue and ridership drops from the COVID-19 pandemic… Link to Story
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Municipal Bond Credit Report: Federal Reserve backstops muni bond market as coronavirus hammers cash-strapped states and cities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve capped off an unprecedented week of action Friday by extending a lifeline to cash-strapped state and local governments that are about to borrow large sums as they deal with skyrocketing costs from coronavirus safety measures… Link to Story
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Municipal Bond Credit Report: Oil price collapse a gut punch for producing states
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: With oil prices plummeting, energy-producing states of the Southwest face another economic rollercoaster less than six years after the last collapse… Link to Story
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Municipal Bond Credit Report: Oil imperils eight state economies, S&P says
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The collapse of oil prices will inflict “considerable strain” on the economies of oil-producing states, according to S&P Global Ratings, though no outlook changes are in effect… Link to Story
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Municipal Bond Credit Report: Virus further strains New York Health + Hospitals finances
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Officials from New York City Health + Hospitals are examining the effects of COVID-19 preparation on its already strained bottom line… Link to Story