Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Moody's downgrades Kentucky's issuer rating to Aa3 from Aa2
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s on Kentucky says downgrade reflects revenue underperformance that will challenge commonwealth’s ability to increase its very low pension funding levels.. Link to Story
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Municipal Bond Credit Report: William Blair shedding municipals
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago-based William Blair has decided to shed its municipal bond business, abandoning an effort that started four years ago to expand the public finance practice to new regions… Link to Story
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Municipal Bond Credit Report: Alaska credit rating downgraded for 2nd time in a week
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Credit rating agency Standard & Poor’s lowered Alaska’s credit rating on Tuesday and said the state’s reliance on financial reserves to fund its budget cannot continue… Link to Story
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Municipal Bond Credit Report: Florida community development district bond validation case goes to trial
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A disagreement between two central Florida community development districts and their residents takes center stage this week in a bond-validation trial… Link to Story
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Municipal Bond Credit Report: Moody's Downgrades Fort Worth, TX's GOLTs to Aa3; Outlook Revised to Negative
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s Investors Service has downgraded the City of Fort Worth, TX’s general obligation limited tax (GOLT) bonds to Aa3 from Aa2, affecting approximately $657 million in outstanding parity limited tax debt… Link to Story
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Municipal Bond Credit Report: CalPERS says annual return jumps to 11.2 percent from 0.6 percent
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The California Public Employees’ Retirement System reported on Friday a preliminary 11.2 percent net return on investments for the fiscal year that ended June 30, up sharply from last year’s return of 0.6 percent due to a boost from equities… Link to Story
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Municipal Bond Credit Report: Moody's cuts rating on Alaska by a notch to "Aa3"
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Ratings agency Moody’s Investors Service cut its rating by a notch on Alaska to “Aa3” and maintained its negative outlook on the state… Link to Story
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Municipal Bond Credit Report: Michigan school district rating junked
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Williamston Community Schools in Michigan was dropped three notches into junk by Moody’s Investors Service Wednesday over its weak financial position and high levels of debt and pension liabilities… Link to Story
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Municipal Bond Credit Report: Connecticut Capital Hartford Downgraded To Junk By Moody's
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Just two days after S&P downgraded Hartford to junk, Moody’s has piled on, pushing the Connecticut State capital below investment-grade due to “the increased likelihood that the city will pursue debt restructurings to address its fiscal challenges.”… Link to Story
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Municipal Bond Credit Report: Hartford Debt Dropped To Junk Bond Status By Standard & Poor's
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Standard & Poor’s downgraded Hartford debt to junk bond status late Tuesday, less than a week after the financially troubled capital city hired a New York law firm with expertise in restructuring municipal finances… Link to Story