Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Judge approves sale of bankrupt, bond-financed Arizona sports venue
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A federal judge signed off on the sale of an Arizona participant sports venue for a price that will result in a miniscule cash payment to owners of the bankrupt facility’s defaulted bonds… Link to Story
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Municipal Bond Credit Report: At least a partial win for bondholders in Chester, Pennsylvania, Chapter 9
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A bankruptcy court recently ruled for the most part in favor of Chester, Pennsylvania, bondholders in an adversary proceeding filed by the city challenging liens on revenues for bonds issued in 2017 as part of a financial recovery plan for the city… Link to Story
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Municipal Bond Credit Report: U.S. Retail Sales Fall for First Time Since March as Holiday Season Approaches
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Consumers cut their spending at stores, dealerships and gas stations last month, tapping the brakes on economic growth ahead of the holiday shopping season… Link to Story
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Municipal Bond Credit Report: The Global Fight Against Inflation Has Turned a Corner
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Inflation is falling faster than expected across advanced economies, marking a turning point in central banks’ two-year battle against surging prices. .. Link to Story
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Municipal Bond Credit Report: GDP Now–November 17, 2023
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 2.0 percent on November 17, down from 2.2 percent on November 15… Link to Story
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Municipal Bond Credit Report: Florida Legislature begins special session on insurance, hurricane relief
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Florida Legislature’s special session began Monday with lawmakers looking for ways to help residents cope with the rising costs of property insurance… Link to Story
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Municipal Bond Credit Report: New York state voters raise debt cap for schools in small cities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New York State voters approved a ballot measure to raise the debt limit for schools in smaller cities, opening the door to more voter-approved bonds. The measure was approved by a margin of 64.5% to 35.5% on Tuesday, according to unofficial results… Link to Story
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Municipal Bond Credit Report: Court will rule on U. of Iowa’s winning bid for bankrupt hospital
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A bankrupt Iowa hospital could ultimately end up in the hands of the University of Iowa, which submitted the winning bid in a reopened auction last week… Link to Story
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Municipal Bond Credit Report: Pennsylvania nursing-home operator Senior Choice defaults after COVID turmoil
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Pennsylvania company that operates three nursing homes is in default, and it’s a familiar story: staff shortages and a large slump in occupancy in the aftermath of the pandemic… Link to Story
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Municipal Bond Credit Report: Offer emerges for bankrupt, bond-funded Arizona sports venue
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A deal that emerged in federal bankruptcy court Tuesday to purchase an Arizona participant sports venue for $25.5 million would allocate just $2.2 million plus an 11% equity stake in the acquiring company to bondholders, who possess $284 million of the facility’s debt, according to a source familiar with the proposal……