Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Chicago Public Schools to Force Staffers to Take 4 Unpaid Furlough Days
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Staring down a $215 million budget hole, Chicago Public Schools announced Friday it’ll make all staffers take four unpaid furlough days this spring on dates when children aren’t scheduled to be in class, the Chicago Sun-Times is reporting…. Link to Story
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Municipal Bond Credit Report: Chicago Schools Liquidity Worsening Amid Budget Impasse: Moody's
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The liquidity crisis at Chicago Public Schools is worsening amid a continued budget impasse at the state level, Moody’s Investors Service says in two new research reports released on Thursday, January 12, 2017… Link to Story
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Municipal Bond Credit Report: SEC Lists Pensions and Municipal Advisors Among Exam Priorities for 2017
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Public pension and municipal advisors are among the examination priorities for the Securities and Exchange Commission in 2017, the SEC’s Office of Compliance Inspections and Examinations announced Thursday… Link to Story
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Municipal Bond Credit Report: California Gov. Wants to Delay Selling California School Bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Governor Brown proposes that bonds should remain unsold until the Ligislature establishes better auditing procedures… Link to Story
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Municipal Bond Credit Report: Market Spreads Side with Moody's as Chicago Mayor Picks a Fight
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago’s debt is trading at speculative grade spreads as its Mayor asks Moody’s to remove its junk-rating.. Link to Story
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Municipal Bond Credit Report: S&P Downgrades Dallas to AA- Over Pension Fears
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Another credit ratings agency has downgraded Dallas’ debt because of concerns about the police and fire pension system… Link to Story
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Municipal Bond Credit Report: Chicago Readies Billion Dollar GO Deal
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The city of Chicago is actively marketing an upcoming $1.16 billion General Obligation Sale… Link to Story
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Municipal Bond Credit Report: Majority of State and Local Pension Plans are Adopting Reforms
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Since the financial crisis, 74 percent of state plans and 57 percent of large local plans have cut benefits or raised employee contributions to curb rising costs. .. Link to Story
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Municipal Bond Credit Report: Detroit Recovery Still Shaky Two Years After Bankruptcy Exit
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Two years after exiting the biggest bankruptcy in municipal history, Detroit still faces challenges including an unexpected gap in pensions and the absence of a long-term economic plan that leaves the city vulnerable to further setbacks… Link to Story
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Municipal Bond Credit Report: San Bernardino Faces Its Post-Bankruptcy Future
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: With San Bernardino poised to exit bankruptcy in January after a grueling 54-month process, leaders of the Southern California city will shift from cost-cutting to achieve solvency toward growing the city’s economy… Link to Story