Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Moody’s upgrades Chicago Public Schools; investment grade a notch away
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Chicago Board of Education on Wednesday saw its issuer rating and debt ratings from Moody’s Investors Service upgraded a notch, to Ba1 from Ba2 — still speculative grade, but one level below investment-grade status. The rating outlook remains positive after the upgrade… Link to Story
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Municipal Bond Credit Report: N.C. treasurer seeks pension clarity after a health system exits
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: If North Carolina state lawmakers want to dismantle the state’s defined benefit pension system for teachers and public employees, they should declare their intention and debate such changes in a public process, State Treasurer Dale Folwell said Tuesday… Link to Story
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Municipal Bond Credit Report: DeSantis vows to ‘stay the course’ as Florida’s economy remains strong
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: “The state of our state is strong. Let’s keep doing what works. Let’s continue to make Florida the envy of the nation,” Florida Gov. Ron DeSantis said in his state of the state address before the state Legislature on Tuesday. “My message is simple: Stay the course.”… Link to Story
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Municipal Bond Credit Report: Fiscal woes land Washington school districts under rare state oversight
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The fiscal struggles of three public school districts in northwest Washington state have landed them under enhanced state oversight… Link to Story
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Municipal Bond Credit Report: Default seen likely for operator of senior centers in Michigan and Ohio
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Bonds used to buy eight senior living properties in Michigan and Ohio are likely to default within six months, S&P Global Ratings said… Link to Story
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Municipal Bond Credit Report: Some Michigan schools get debt reprieve from state
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The state of Michigan is paying down the debts of six local school districts – two of which have closed or merged with neighboring districts – including some outstanding bond balances… Link to Story
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Municipal Bond Credit Report: Illinois improves net position but sees pension liabilities rise
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois saw an uptick in its fiscal fortunes in the past fiscal year, one of the few times the state’s net position has improved since that figure swung from black to red in to red in 2002… Link to Story
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Municipal Bond Credit Report: Port Authority’s New York-area airports set passenger record in November
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Port Authority of New York and New Jersey’s airports saw their busiest November on record, the agency said Wednesday… Link to Story
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Municipal Bond Credit Report: California deficit underscores state’s revenue volatility
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: News of the $68 billion budget deficit projected for California in fiscal years 2022-23 and 2023-24 raised alarm bells. But several state budget watchers say longer-term trends are less worrying… Link to Story
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Municipal Bond Credit Report: Chicago’s new casino falling short of tax revenue projections
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: When casino developers were clamoring to run Chicago’s first casino, then-Mayor Lori Lightfoot’s administration all but promised a windfall. City leaders predicted a “material improvement to revenues” from the Chicago casino, the result of 2019 legislation that grew Illinois gambling by nearly 50%… Link to Story