Tag: Municipal Bond Credit
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Municipal Bond Credit Report: How Important Are Pension Risks to Investors?
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Responding to a report that downplayed the importance of unfunded public pension liabilities, investors said they value the funded-liability metric and see pensions in general as a significant problem… Link to Story
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Municipal Bond Credit Report: March Muni Volume Plunges Amid Political Turmoil
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Municipal bond volume dropped 30% in March and finished under $30 billion, as political and interest rate concerns kept issuers out of the market… Link to Story
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Municipal Bond Credit Report: Westinghouse Eyes Friday (3/31/2017) for Possible Ch. 11 Filing
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Japan’s Toshiba Corp has informed its main lenders it is planning for U.S. nuclear unit Westinghouse Electric Co LLC to file for bankruptcy on March 31, people briefed on the matter said on Friday… Link to Story
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Municipal Bond Credit Report: U.S. states lower revenue estimates amid tax, economic uncertainty
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. states are reducing their tax revenue forecasts due to concerns over a projected slump in economic growth, low oil prices, possible federal tax cuts and other factors, according to an analysis released on Monday… Link to Story
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Municipal Bond Credit Report: Pension Debt Triggers New Jersey Downgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s Investors Service downgraded New Jersey’s credit rating Monday over concerns with the state’s growing pension debt, low cash reserves and an economy that’s growing only “moderately.”.. Link to Story
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Municipal Bond Credit Report: Catholic Health Initiatives hit with Moody's Downgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s Investors Service downgraded the debt of Catholic Health Initiatives this week to two notches above junk, following a similar downgrade earlier this month by S&P Global Ratings… Link to Story
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Municipal Bond Credit Report: Houston Mayor Sees Pension Bond Vote Requirement as 'Poison Pill'
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A bill requiring a vote on $1 billion of pension bonds is a “poison pill” that could derail Houston’s efforts to restructure its debt to city employees, Mayor Sylvester Turner said… Link to Story
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Municipal Bond Credit Report: Report Raises Disagreement Over Pension Funding
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Retirement Security Initiative, an advocacy group for fairness and solvency in public sector retirement plans, is taking issue with a University of California report that argues that fully funding pensions may be a “misguided” goal… Link to Story
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Municipal Bond Credit Report: Portland, Maine Receives Ratings Upgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Portland was upgraded one notch to AA-plus on Feb. 24 by S&P Global Ratings, citing the city’s improved budgeting and boost in reserves… Link to Story
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Municipal Bond Credit Report: How Long Can Illinois Hold Onto Investment Grade Ratings?
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois’ sovereign powers over spending and revenues and its sturdy general obligation repayment statute are being tested as its budget gridlock inches toward the two-year mark… Link to Story