Tag: Municipal Bond Credit
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Municipal Bond Credit Report: After Muni-Bond ‘Bloodbath,’ Expectations for 2023 Are Muted
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: State and local government bonds are on track to post their worst yearly performance since 1981, a deep slump for an investment prized for safety and stability… Link to Story
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Municipal Bond Credit Report: Pending union with UM Health fails to spare Sparrow Health from downgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: University of Michigan Health’s pending acquisition of Sparrow Health — which brings an infusion of $800 million in financial support but not a backing on debt — fell short of staving off a downgrade due to Sparrow’s battered balance sheet… Link to Story
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Municipal Bond Credit Report: Missouri hospital seeks forbearance to buy time for turnaround
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Capital Region Medical Center in Missouri will hold an investor call Monday as it works to finalize a forbearance from 2022 covenant defaults in an effort to buy time to stabilize its troubled financial condition… Link to Story
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Municipal Bond Credit Report: Retail Sales, Manufacturing Declines Point to Slowing Economy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. retail spending and manufacturing weakened in November, signs of a slowing economy as the Federal Reserve continues its battle against high inflation… Link to Story
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Municipal Bond Credit Report: U.S. Home Sales Dropped 7.7% in November, a Record 10th Straight Month of Declines
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. existing-home sales slid in November for a 10th straight month, extending a record streak of declines as high mortgage rates and home prices pushed many buyers out of the market… Link to Story
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Municipal Bond Credit Report: Pandemic’s financial toll weighing on Texas hospitals
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The percentage of Texas hospitals at serious risk of closing nearly doubled since 2020 to 9.2% in 2022 with rural facilities facing the highest peril, as operating margins fell amid soaring expenses that are outpacing revenue growth, according to a report released this month by the state’s hospital association… Link to…
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Municipal Bond Credit Report: Shrinking Office Building Values Are Becoming a Dilemma for City Budgets
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The sharp decline in office building values is likely to become a growing problem for the budgets of cities, schools and other jurisdictions that depend heavily on property taxes from these building owners… Link to Story
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Municipal Bond Credit Report: As federal funds dwindle, New York transit stares down deficits
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: As the federal government’s emergency COVID-19 aid dwindles, the New York Metropolitan Transportation Authority is looking at ways to restore its fiscal health in the face of a variety of challenges both new and old… Link to Story
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Municipal Bond Credit Report: American Dream mall draws on reserves again to meet debt obligations
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: For the second time this year, the trustee of bonds issued for the American Dream Mall in New Jersey drew down a reserve account to make a debt payment on $800 million of tax-exempt municipal bonds… Link to Story
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Municipal Bond Credit Report: Puget Sound wastewater plants may need billions to meet state mandates
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: An effort to protect Puget Sound’s marine life has ignited a debate over a new environmental mandate that wastewater treatment plants say will cost billions and lacks clear science to back it up… Link to Story