Tag: Municipal Bond Credit
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Municipal Bond Credit Report: South Carolina nuclear lawsuit could lead to downgrades
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Litigation potentially undermining Santee Cooper’s ability to recover costs for the shelved V.C. Summer nuclear reactor project could drive downgrades of the South Carolina-owned public utility’s bonds, according to rating agency reports… Link to Story
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Municipal Bond Credit Report: How shoring up California school pensions puts budget pressure on districts
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Pension policy decisions made to improve funding levels are putting financial pressure on school districts around California… Link to Story
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Municipal Bond Credit Report: Funding remains big question for New Jersey pensions after discount rate tinkering
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: When and if New Jersey actually funds its pension system on an actuarial basis is a more important question than what the system’s investment assumptions are, analysts said… Link to Story
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Municipal Bond Credit Report: How Michigan cities can escape property tax constraints
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Local option revenue streams can help Michigan cities become less dependent on property taxes, according to a report from the Citizens Research Council of Michigan… Link to Story
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Municipal Bond Credit Report: Revenue drop could drive Guam ratings further into junk territory
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: S&P Global Ratings placed Guam’s already junk-rated long- and short-term debt on credit watch negative citing cash flow problems stemming from the federal tax bill… Link to Story
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Municipal Bond Credit Report: New CalPERS repayment schedule brings some ‘difficult budget adjustments’
Categories: Municipal Bond Credit ReportA plan by California’s largest pension fund to shorten its amortization period is credit positive for the state government and participating local governments, though it could mean untenable budget strain for some, Moody’s Investors Service said… Link to Story
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Municipal Bond Credit Report: Public safety pension funding strains abound for local Illinois communities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The weak status of most downstate Illinois and suburban Chicago public safety pension funds strain local governments statewide and pose a threat to credit quality, S&P Global Ratings warns… Link to Story
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Municipal Bond Credit Report: California’s public pension crisis in a nutshell
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The essence of California’s pension crisis was on display last week when the California Public Employees Retirement System made a relatively small change in its amortization policy. The CalPERS board voted to change the period for recouping future investment losses from 30 years to 20 years… Link to Story
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Municipal Bond Credit Report: Unfunded liabilities on the rise for Chicago area pension funds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Stronger investment returns in 2016 couldn’t stave off growth in the unfunded liabilities for most of the 11 local government pension funds tracked annually by a non-partisan Illinois legislative commission… Link to Story
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Municipal Bond Credit Report: How a bungled prosecution will put Nassau County deeper in debt
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Nassau County, N.Y., will issue bonds to partially fund a $46 million court judgment owed to two men who were exonerated for a 1985 murder conviction… Link to Story