Tag: Municipal Bond Credit
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Municipal Bond Credit Report:
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A State appeals court on Tuesday vindicated San Diego’s five-year-old aggressive pension cutbacks, potentially saving the city millions it could have been forced to spend creating retroactive pensions for more than 3,000 workers hired since 2012… Link to Story
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Municipal Bond Credit Report: CalSTRS to tap state as funding shortfall grows
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Using new power for the first time, the CalSTRS board is expected to increase the state contribution to the teacher pension fund this week, a response to new forecasts of lower investment earnings and longer retiree life spans… Link to Story
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Municipal Bond Credit Report: Illinois schools struggle with cash flow
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Warnings over school cash flow struggles 22 months into Illinois’ historic budget impasse and Chicago Public Schools’ ongoing fiscal ills cast a shadow over gains made by some districts in fiscal 2016… Link to Story
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Municipal Bond Credit Report: Outages increase as Puerto Rico company crumbles amid crisis
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A recent increase in power outages is taking a heavy toll on Puerto Rico as the U.S. territory’s heavily indebted public power company struggles to modernize decades-old equipment that is crumbling amid a deep economic crisis… Link to Story
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Municipal Bond Credit Report: Empty jails hope to cash in on illegal immigration crackdown
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Several Texas counties that are struggling with debt because their jails have few or no prisoners hope to refill those cellblocks with a different kind of inmate: immigrants who have entered the country illegally… Link to Story
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Municipal Bond Credit Report: Butler Township, PA supervisors pick bond over loan
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: To finance a new municipal building and police station, the Butler Twp. supervisors plan to take out a bond issue rather than a bank loan, reversing a decision from last month… Link to Story
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Municipal Bond Credit Report: Central Falls' return to investment grade highlights post-bankruptcy progress
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: he logos of Harvard and Massachusetts Institute of Technology, among other universities, adorn a sign in front of Central Falls City Hall that proclaims where some of this year’s high school senior class is headed… Link to Story
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Municipal Bond Credit Report: Senators Introduce a Bill to Require some Munis to be Treated as HQLA
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Two members of the Senate Banking Committee have reintroduced a bipartisan bill that would encourage large banks to hold more municipal bonds by requiring that the bonds be treated as high-quality liquid assets… Link to Story
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Municipal Bond Credit Report: In Illinois, a push to create a distressed local government authority
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Distressed local governments struggling under the weight of pension, healthcare, and other debts could turn to a special authority for fiscal guidance under legislation before Illinois lawmakers… Link to Story
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Municipal Bond Credit Report: Groups Urge MSRB to Drop Idea of Requiring CUSIPs for Private Placements
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Most municipal market groups are urging the Municipal Securities Rulemaking Board to abandon what they say is a dangerous proposal to require dealers to obtain CUSIP numbers for private placements… Link to Story