Tag: Municipal Bond Credit
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Municipal Bond Credit Report: DFW airport seeks foreign investors for taxable bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: DALLAS — Fresh off a whirlwind of meetings with investors in Europe and Asia, Dallas-Fort Worth International Airport is pursuing a new marketing strategy for more than $10 billion of debt over the next five to seven years…. Link to Story
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Municipal Bond Credit Report: Amazon’s ‘muted’ impact on New York, Northern Virginia
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Amazon’s “second” world headquarters will have “at most a muted impact” on the economies and credit quality of Arlington County, Virginia, and New York City, Fitch Ratings said Tuesday…. Link to Story
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Municipal Bond Credit Report: A Chicago suburb is cut four notches over pension burden
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: CHICAGO — The southern Chicago suburb of Oak Lawn took a four-notch rating cut over budget and pension strains. S&P Global Ratings dropped the village’s rating to BBB from A-plus and assigned a negative outlook. … Link to Story
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Municipal Bond Credit Report: Wildfire’s destruction of California town creates uncharted credit territory
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The deadly wildfire that left the town of Paradise, California, in ruins may become a test case for the municipal bond market.“The situation casts doubt on whether the local government can meet over $3.5 million in annual payments to pension obligation bondholders, CalPERS and retiree healthcare plan participants,” wrote Marc Joffe,…
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Municipal Bond Credit Report: Fitch finds state pension liabilities rise faster than debt
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: WASHINGTON — Net pension liabilities as a share of personal income rose in 40 states in fiscal 2017 while tax-supported debt rose by the same measure in only 10, a report released Monday by Fitch Ratings said…. Link to Story
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Municipal Bond Credit Report: University in Ohio readies unrated bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Columbus based Ohio Dominican University is readying a $49 million issue of unrated bonds to fund projects as it works to turnaround enrollment.The unrated bonds will be issued through Columbus–Franklin County Finance Authority…. Link to Story
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Municipal Bond Credit Report: Muni outflows may create challenges
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Mutual fund outflows may pose an increasing challenge in the municipal market as the year winds down. With Federal Reserve policy makers expected to raise interest rates at least once more, at its December policy meeting, some market professionals are saying outflows could become more problematic…. Link to Story
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Municipal Bond Credit Report: Medicaid measures lead nationwide ballot parade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Voters in three states Tuesday approved ballot initiatives to expand Medicaid coverage while anti-tax measures prevailed in two Southeast states.The measures were among dozens around the country that will impact budgets and credit quality…. Link to Story
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Municipal Bond Credit Report: After residents’ furor, Florida CDD bond deal is withdrawn
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Florida developer formally terminated a controversial agreement to sell pools, parks and other amenities in the central Florida retirement community of Solivita, just days before Tuesday’s election in which candidates opposed to the deal are running for the community development districts’ boards…. Link to Story
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Municipal Bond Credit Report: Reserves and liquidity boost Hempstead, N.Y., rating
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Growing reserves and liquidity gave America’s most populous township its second rating upgrade in less than five months…. Link to Story