Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Federal Reserve minutes point to rate hike 'fairly soon'
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Many Federal Reserve policymakers said it may be appropriate to raise interest rates again “fairly soon” should jobs and inflation data come in line with expectations, according to the minutes of the Fed’s last policy meeting released on Wednesday… Link to Story
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Municipal Bond Credit Report: Moody's Downgrades West Virginia's GO Rating
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s has downgraded West Virginia’s rating to AA2, outlook stable, for its general obligation bonds… Link to Story
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Municipal Bond Credit Report: Moody's: Upgrades outpace downgrades for full year 2016 in US public finance
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: For the fourth quarter and full year 2016, upgrades in US public finance continued to outpace downgrades, furthering the momentum seen in 2015, Moody’s Investors Service says in a new report… Link to Story
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Municipal Bond Credit Report: Issuers Giving Themselves More Time to Disclose Financials
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Municipal market analysts are concerned that Municipal Securities Rulemaking Board data shows more issuers are giving themselves 270 days after the end of their fiscal years to file annual financial information… Link to Story
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Municipal Bond Credit Report: Judge hears Scranton request for continued tripled local services tax
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The battle over Scranton’s plan for a continued tripled local services tax of $156 this year on anyone who works in the city and earns above a certain threshold pits interpretations of two state laws against each other… Link to Story
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Municipal Bond Credit Report: CalPERS's sees 5.8 percent return with new allocation; below 7 percent goal
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California Public Employees’ Retirement System expects a 5.8 percent annual investment return under its new portfolio asset allocation, significantly lower than the fund’s assumed rate of return of 7 percent by 2020… Link to Story
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Municipal Bond Credit Report: Connecticut Budget Seeking to Shift $407 Million In Teacher Pension Costs to Towns
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: As part of his budget package, the Connecticut governor today a plans to shift $407-million in teacher pension expenses from the state, onto cities and towns… Link to Story
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Municipal Bond Credit Report: ABI – January Total Bankruptcy Filings Up 5 Percent from 2016
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: ABI: January Total Bankruptcy Filings Up 5 Percent from 2016, First Consecutive Monthly Year-over-Year Increase Since 2010… Link to Story
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Municipal Bond Credit Report: Chicago Public Schools Freezes Funds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago Public Schools principals face a narrow window to trim expenses on textbooks and programs after the district announced a $46 million “spending freeze” in its latest bid to cover $215 million in state assistance that didn’t come through… Link to Story
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Municipal Bond Credit Report: Michigan Says 38 Underperforming Public Schools Could Close
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Michigan announced Friday that it plans to close up to 38 underperforming schools in Detroit and other urban communities… Link to Story