Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Management revolving door troubles a Cape Cod town’s finances
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Unsteady leadership has challenged the financial stability of Wellfleet, Massachusetts, according to a state review of the town’s financial management that was recently made public… Link to Story
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Municipal Bond Credit Report: Trustee for Texas senior living bonds to fight bankruptcy exit plan
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A plan for the owner of a senior living community in Plano, Texas, to emerge from bankruptcy faces a creditor vote this month, a confirmation hearing in April, and opposition from the trustee for nearly $66.8 million of defaulted revenue bonds… Link to Story
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Municipal Bond Credit Report: Jerome Powell Says Fed Is Prepared to Speed Up Interest-Rate Rises
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve Chair Jerome Powell said strong and sustained economic activity to start this year could prompt central bank officials to accelerate interest-rate increases and will likely lead them to lift rates more than they expected to combat high inflation… Link to Story
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Municipal Bond Credit Report: New Threat to Town, School District Budgets: Rising Rates
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Rising interest rates are squeezing cash-strapped towns and school systems that use short-term borrowing to keep cash flowing while they wait for property tax dollars to come in… Link to Story
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Municipal Bond Credit Report: Bond refinancing for troubled Arizona sports venue is spurned
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Problems are piling up for the nonprofit developer of a massive Arizona participant sports venue as its plan to refinance defaulted bonds was rejected by bondholders… Link to Story
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Municipal Bond Credit Report: Chicago voters deny Mayor Lori Lightfoot a second term
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago voters will choose between Paul Vallas, a former city budget director and Chicago Public Schools chief, and Cook County Board Commissioner Brandon Johnson to replace Mayor Lori Lightfoot who lost her bid for a second term as the city’s upward fiscal momentum took a backseat to worries over crime… Link…
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Municipal Bond Credit Report: Illinois rainy-day legislation advances
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois’ budget and pension stabilization funds would receive automatic deposits when the state hits revenue growth and bill payment triggers under legislation that cleared a House committee this week… Link to Story
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Municipal Bond Credit Report: Struggles of two California hospitals reflect industry’s challenges
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The struggles of two public hospital districts in central California are emblematic of financial pressures facing the healthcare industry… Link to Story
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Municipal Bond Credit Report: Fare-dependent transit agencies face tougher recovery from pandemic
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Transit systems around the country have experienced a sputtering recovery from COVID-19, but the state of two large California agencies underscores how much the funding structure they had in place before the pandemic affects their fiscal recovery… Link to Story
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Municipal Bond Credit Report: Investor sentiment about local government borrowers recovering but mixed
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: While investor interest in local government debt remains on the mend after bottoming out late last year, some cities are faring better than others, according to University of Chicago Center for Municipal Finance data… Link to Story