Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Private Placement Issuance Surge
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Private placement bond deals helped push volume to record levels in 2016, even as some observers remain concerned about transparency and value in the deals… Link to Story
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Municipal Bond Credit Report: Illinois' Credit Rating Cut
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The state of Illinois was downgraded one notch by FITCH citing lack of action on a new budget… Link to Story
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Municipal Bond Credit Report: Fitch Disagrees with Moody's Assessment of Chicago Public Schools
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Fitch Ratings took aim at its credit ratings competitor Moody’s Investors Service in an unusual public notice on Wednesday with a report detailing disagreements over its analysis of the Chicago Public Schools bond payment protections… Link to Story
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Municipal Bond Credit Report: CALSTERS to Lower its Annual Expected Return Rate to 7 Percent by 2018
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Feb 1 The California State Teachers’ Retirement System (CalSTRS) voted late Wednesday to lower its annual expected return rate from 7.5 percent to 7 percent by 2018… Link to Story
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Municipal Bond Credit Report: Chicago Schools CAFR Warns of "Difficult" Decisions Next Year
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago Public Schools, in its latest financial report, warns of more red ink to come this year and “difficult” decisions next year without additional state help… Link to Story
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Municipal Bond Credit Report: Six Oil Producing States Hit Recession
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: America’s economy is looking solid overall these days, but depressed prices for domestic oil production tipped six of the eight biggest oil-pumping states into recession last year, according to a new report… Link to Story
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Municipal Bond Credit Report: Chicago Yield Penalties Steepen
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago’s spread penalties in the primary market hit a new peak Thursday (Jan 19, 2017) when it priced a $1.2 billion general obligation sale…. Link to Story
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Municipal Bond Credit Report: State Must Devise Special Hartford Rescue (Op-Ed)
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: In his state of the state address Jan. 4, Gov. Dannel P. Malloy sketched out a plan to “ensure that no Connecticut city or town will need to explore the avoidable path of bankruptcy.” Though details were sparse, he implied that the best way to stave off municipal insolvency would be…
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Municipal Bond Credit Report: Weak 2015 Returns Burden Illinois Local Pension Funds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: It was a year of disappointing investment returns from 11 local government pension funds in Illinois, according to the latest annual report from a state government commission… Link to Story
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Municipal Bond Credit Report: Assured Guaranty Corp. Requests that Moody's No Longer Rate AGC
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Financial guarantor Assured Guaranty Corp. (AGC), a subsidiary of Assured Guaranty Ltd. (together with its subsidiaries, Assured Guaranty)(AGO), has requested that Moody’s Investors Service, Inc. (Moody’s) withdraw AGC’s financial strength rating… Link to Story