Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Governments Are Turning to Banks for Easy Money
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: In the years since the Great Recession, state and local governments have increasingly borrowed money directly from banks instead of issuing public bonds. The loans, they say, come with lower costs and can be more convenient than going through the cumbersome public debt process. But observers worry that the terms around…
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Municipal Bond Credit Report: SCE&G backs off plan that could hit customers for costs of failed nuclear plant
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: SCE&G withdrew plans Tuesday to charge ratepayers billions of dollars more for a nuclear expansion project the company does not intend to complete… Link to Story
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Municipal Bond Credit Report: Cook County preps sale as beverage tax controversy rages on
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report:Cook County, Ill. hits the market Thursday with $165 million of its high-grade sales tax-backed paper… Link to Story
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Municipal Bond Credit Report: Florida CDDs rebuke residents opposing bond deal
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Two central Florida community development districts contend their residents used “sophistry” in trying to persuade a judge not to approve the district’s bonds, attorneys said in final briefs… Link to Story
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Municipal Bond Credit Report: CPS proposes $5.7 billion budget, including $269 million in help from city
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago Public Schools on Friday unveiled a $5.7 billion operating budget “framework” for the coming school year that relies on well over a quarter-billion dollars in help from the city and a still-larger infusion of cash from state lawmakers who remain tangled in a political dogfight… Link to Story
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Municipal Bond Credit Report: Illinois misses school payment amid funding dispute
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Lack of a new education funding formula prevented Illinois on Thursday from sending hundreds of millions of dollars to 852 public school districts, punching a hole in their budgets just weeks before classes start… Link to Story
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Municipal Bond Credit Report: South Carolina Gov. Henry McMaster, Santee Cooper say they have potential buyers for all or part of state power company
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Gov. Henry McMaster and Santee Cooper say they have companies considering buying all or part of the state-run power utility that could help restart a $9 billion Fairfield County nuclear plant expansion abandoned last week after a decade of work… Link to Story
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Municipal Bond Credit Report: With pension changes in hand, Dallas and Houston will ask voters for bond authority
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Two of Texas’ largest cities are sizing up $2.5 billion of bond proposals for the November ballot… Link to Story
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Municipal Bond Credit Report: Moody's Warns State Budget Gridlock Could Make Hartford's Fiscal Woes Worse
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s is warning its clients that the financially troubled city of Hartford is rapidly approaching debt repayment deadlines in September and October, and that the state budget stalemate is a major threat to the city… Link to Story
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Municipal Bond Credit Report: MBIA Inc. Reports Second Quarter 2017 Loss of $1.2 Billion
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: MBIA Inc. (NYSE:MBI) (the Company) today reported a consolidated GAAP net loss of $1.2 billion, or $(9.78) per share, for the second quarter of 2017 … Link to Story