Tag: Municipal Bond Credit

Municipal Bond Credit Report: WASHINGTON – A New York county executive urged the Internal Revenue Service Monday to drop its proposal to restrict workarounds of the $10,000 cap on the federal deduction for state and local taxes…. Link to Story

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Municipal Bond Credit Report: CHICAGO – Illinois’ budget assumptions of $400 million in fiscal 2019 savings from pension buyouts remain uncertain as the state’s largest fund is preparing to launch the bond-financed programs in the second half of fiscal 2019… Link to Story

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Municipal Bond Credit Report: Continued upward fiscal momentum gave Atlantic City its second multi-notch upgrade in a two-week stretch…. Link to Story

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Municipal Bond Credit Report: CHICAGO – Illinois’ sales tax-backed bonds took a five notch hit from S&P Global Ratings as a result of revised criteria published last week that more closely tie priority-lien tax revenue credits to their government issuer…. Link to Story

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Municipal Bond Credit Report: CHICAGO – Chicago Public Schools slashed its short-term borrowing rates by more than two percentage points in its first tax anticipation note issue of the fiscal year. The district received eight bids totaling $1.15 billion on its $200 million, unrated TAN issue that sold competitively Thursday. It marked the district’s first…

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Municipal Bond Credit Report: Eleven years ago next week, a then-obscure bank analyst made the call of a lifetime when she said Citigroup would be brought low by bad mortgage loans. By the end of the day hundreds of billions of dollars in value had been lost in U.S. stocks…. Link to Story

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Municipal Bond Credit Report: WASHINGTON – The pre-trade information available on alternative trading systems to broker-dealer participants would likely benefit all municipal securities investors if made more publicly available, the Municipal Securities Rulemaking Board’s chief economist said in releasing a report Thursday that is to be presented to a market structure advisory group next week….…

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Municipal Bond Credit Report: CHICAGO – The Chicago Board of Education will sell $200 million of unrated tax anticipation notes Thursday in its first competitive note offering in recent memory…. Link to Story

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Municipal Bond Credit Report: WASHINGTON – The finances of local governments around the U.S. and its territories will soon benefit from a wave of private capital investment now that the Internal Revenue Service has released its proposed regulations for Opportunity Zones, experts said…. Link to Story

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Municipal Bond Credit Report: Low economic and population growth mixed with high leverage cost Vermont one of its triple-A ratings.Moody’s Investors Service downgraded Vermont general obligation bonds to Aa1 Tuesday, citing low growth prospects for the state’s economic base due to aging demographics. The outlook is stable…. Link to Story

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