Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Florida residents come out of retirement to fight CDD bond deal
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: When Brenda Taylor bought a home in a development for Florida seniors, she never dreamed of coming out of retirement to fight a bond validation in court… Link to Story
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Municipal Bond Credit Report: Hartford, CT Teeters on Bankruptcy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Hartford, Connecticut’s capital city and hub of the state’s insurance industry, is edging closer to joining a small club of American municipalities: those that have sought bankruptcy protection… Link to Story
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Municipal Bond Credit Report: S&P places BAM and National on credit watch negative
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: S& P Global Ratings placed two of the three active bond insurers – Build America Mutual and National Public Finance Guarantee Corp.,– on credit watch negative… Link to Story
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Municipal Bond Credit Report: Pennsylvania Senate backs hybrid pension plan
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Pennsylvania state Senate voted on a bill to drastically change retirement benefits for most state employees and all school employees hired after 2018.. Link to Story
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Municipal Bond Credit Report: Dallas County Schools Defaults on Millions of Dollars in Debt Payments
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Dallas County Schools has filed paperwork confirming it has defaulted on millions of dollars in debt payments that were due this week… Link to Story
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Municipal Bond Credit Report: After state's action, Dallas and Houston still have pension hurdles to clear
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Dallas and Houston still face challenges to turn around troubled pension plans after securing pension legislation from the Texas Legislature, but officials are optimistic they can now reverse the downward trend of the past few years.. Link to Story
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Municipal Bond Credit Report: Puerto Rico governor protects pensions, promises tax breaks
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Puerto Rico’s governor unveiled a budget Wednesday that prioritizes pension payments for tens of thousands of retired government workers who depend on a public pension system that is crumbling amid a deep economic crisis… Link to Story
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Municipal Bond Credit Report: Illinois budget inaction triggers new downgrades
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Two downgrades Thursday brought Illinois closer to becoming the first state with a junk bond rating… Link to Story
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Municipal Bond Credit Report: S&P, Moody's Cut Illinois To Near Junk, Lowest Ever Rating For A U.S. State
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The monetary problems plaguing the state of Illinois (not to mention its public pensions) have been widely documented here over the past few years, and today the rating agencies finally noticed, when in the span of a few hours, first S&P, then Moody’s downgraded Illinois to BB+/Baa3, respectively, both just one…
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Municipal Bond Credit Report: Texas governor signs Dallas Police and Fire Pension bill into law
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Gov. Greg Abbott on Wednesday signed into law the bill aimed at saving the troubled Dallas Police and Fire Pension System from insolvency… Link to Story