Tag: Municipal Bond Credit
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Municipal Bond Credit Report: COVID-19 a challenge for muni advocacy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Some muni market advocates have growing concerns that COVID-19 is limiting their ability to push important muni bond initiatives on Capitol Hill and elsewhere… Link to Story
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Municipal Bond Credit Report: JEA downgraded because of governance instability
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Florida’s largest public utility in Jacksonville has lost its stellar rating because of govenance issues following a recent failed and controversial attempt at privatization… Link to Story
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Municipal Bond Credit Report: Distressed Chicago suburb eyes future restructuring bond deal
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: As Harvey, Illinois, works to resolve legal disputes with bondholders and Chicago over delinquent water bills, the fiscally distressed city envisions the eventual restructuring of its debts in a new bond deal… Link to Story
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Municipal Bond Credit Report: Tuition revenue struggles bring negative outlook to USciences
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Cash-flow struggles amid sharp tuition revenue declines the past few years placed a Philadelphia private college on the verge of another credit downgrade one year after its rating was dropped into low investment grade territory… Link to Story
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Municipal Bond Credit Report: Hawaii takes steps to protect its economy as COVID-19 spreads
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: While some states escalated medical efforts this week to prevent the spread of COVID-19, Hawaii lawmakers were also looking to protect an economy dependent on tourism… Link to Story
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Municipal Bond Credit Report: COVID-19 clouds Illinois’ revenue prospects
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois Gov. J.B. Pritzker’s administration and the General Assembly’s non-partisan research arm presented closely aligned revenue estimates to lawmakers this week, but whether those numbers hold up is an open question due to the COVID-19 outbreak… Link to Story
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Municipal Bond Credit Report: Lipper suffers outflows for the first time in 60 weeks
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The world remains on edge about the rapidly spreading COVID-19 and those fears once again have Treasury yields digging down even deeper. COVID-19 fears have now impacted fund flows, as municipals suffer outflows for the first time in 60 weeks… Link to Story
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Municipal Bond Credit Report: Phishing attack swipes bond payments, a Texas school district reports
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Texas school district missed payments on three bond issues after what school officials called a “business email compromise scheme” sent the payments to a fraudulent account… Link to Story
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Municipal Bond Credit Report: A stock market fall may squeeze public pensions, experts say
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A falling stock market may mean politically difficult choices for public pension systems that rely on equity investments to reduce unfunded liabilities, experts told this week’s Bond Buyer Texas Public Finance Conference… Link to Story
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Municipal Bond Credit Report: Vernon, California, electric revenue bonds upgraded despite lawsuit
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The electric system revenue bonds of the largely industrial city of Vernon, California, received a one-notch upgrade to Baa2 from Moody’s Investors Service, which said it expects the city’s lawsuit with electric provider Bicent California Malburg LLC to be resolved in a credit neutral manner… Link to Story