Tag: Municipal Bond Credit
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Municipal Bond Credit Report: CalSTRS CIO Expects Returns to be around 8%
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: CalSTRS has looked to real estate and infrastructure for opportunities to deliver returns closer to 8 percent. .. Link to Story
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Municipal Bond Credit Report: In Sanctuary City Crackdown, Justice Department Threatens to Withhold Grants From 8 Cities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Justice Department sent letters to eight large cities and one county on Friday threatening to withhold grant funding if they don’t affirm they are providing required cooperation with federal immigration authorities… Link to Story
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Municipal Bond Credit Report: Santee Cooper updates bondholders on impact of nuclear contractor's bankruptcy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The bankruptcy of the prime contractor constructing two nuclear units in South Carolina could have a material impact on the state’s public power agency, bondholders learned Wednesday… Link to Story
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Municipal Bond Credit Report: The State Pension Funding Gap: 2015
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The gap between the total assets reported by state pension systems across the United States and the benefits promised to workers, now reported as the net pension liability, reached $1.1 trillion in fiscal year 2015, the most recent year for which complete data are available. That represents an increase of $157…
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Municipal Bond Credit Report: How the state government's support boosts Detroit's recovery from bankruptcy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Detroit is on track to exit state oversight next year with its balance sheet on the mend and private investment booming, a Michigan Treasury official said of the city’s post-bankruptcy recovery… Link to Story
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Municipal Bond Credit Report: Wider spreads for utilities ensnared in nuclear contractor's Chapter 11 case
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Spreads have widened on municipal bonds issued to build new nuclear units ensnared in Westinghouse Electric Co.’s bankruptcy, signaling heightened concern by investors… Link to Story
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Municipal Bond Credit Report: Arizona corrections officers pension overhaul applauded
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Legislation overhauling the underfunded Arizona’s Corrections Officers Retirement Plan is meeting with strong approval from advocates of aggressive measures to fully fund retirement liabilities… Link to Story
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Municipal Bond Credit Report: San Bernardino Could End Up in Bankruptcy Again
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The influential credit rating agency Moody’s Investor Service released a highly critical report Wednesday on San Bernardino’s finances, warning that just as the beleaguered city prepares to finally emerge from four years of Chapter 9 protection, it could be setting itself up for another bankruptcy… Link to Story
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Municipal Bond Credit Report: State and local groups urge congressional action on HQLA bills
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Municipal issuer groups are urging members in both chambers of Congress to support legislation that they say would help the economy and infrastructure by including investment-grade, liquid municipal securities as high-quality liquid assets under banking regulations… Link to Story
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Municipal Bond Credit Report: Guam to consider TRANs for tax refunds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Guam is looking to issue short-term debt to pay tax refunds to its citizens… Link to Story