Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Ominous signs for states as revenue targets missed
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Two out of every three states in America took in less tax revenue than expected this year, the worst performance since the depths of the recession, and twenty states expect to address budget shortfalls in the coming year… Link to Story
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Municipal Bond Credit Report: Treasury recommends treating high-grade munis as HQLA
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Treasury Department is recommending that high-grade municipal securities be included as high quality liquid assets under federal banking rules, a stance that state and local groups as well as some legislators have taken since the rules were first passed… Link to Story
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Municipal Bond Credit Report: At 93, retiree says Florida CDD bond issue is worth fighting
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A 93-year-old Florida resident is joining his neighbors contesting a bond financing plan proposed by the community development districts overseeing their retirement community… Link to Story
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Municipal Bond Credit Report: Summary of Recommendations for Regulatory Reform
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Treasury’s review of the regulatory framework for the depository sector has identified significant areas for reform in order to conform to the Core Principles. The review has identified a wide range of changes that could meaningfully simplify and reduce regulatory costs and burdens, while maintaining high standards of safety and soundness…
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Municipal Bond Credit Report: Chicago's CFO says schools bankruptcy isn't on the table
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago’s chief financial officer says bankruptcy isn’t on the table for Chicago Public Schools and the city is prepared to work with the cash-strapped district if the state doesn’t come through with additional funding in the next fiscal year… Link to Story
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Municipal Bond Credit Report: Gov. Tom Wolf signs Pa.'s pension overhaul into law
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Gov. Tom Wolf on Monday afternoon signed into law a pension bill that will change the retirement savings plans for future state government and public school employees hired in 2019 and after… Link to Story
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Municipal Bond Credit Report: Suffolk County, N.Y., GOs lowered to A-minus on continued weak performance
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: S&P Global Ratings said it lowered its rating to A-minus from A on Suffolk County, N.Y.’s outstanding general obligation (GO) debt… Link to Story
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Municipal Bond Credit Report: Alaska braces for government shutdown
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Alaska’s government is bracing for a government shutdown if the legislature fails to pass a budget in the next three weeks… Link to Story
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Municipal Bond Credit Report: Massachusetts bond rating downgraded
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: With sluggish revenues testing Gov. Charlie Baker’s ability to balance investment needs with fiscal prudence, one of the country’s largest credit rating agencies on Friday downgraded the state’s bond rating with an admonishment for its approach to savings… Link to Story
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Municipal Bond Credit Report: A rating agency's approval for Dallas, Houston pension bills
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Dallas and Houston received reassuring notices Thursday from Moody’s Investors Service on changes the state legislature approved for their most troubled pension systems… Link to Story