Tag: Municipal Bond Credit
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Municipal Bond Credit Report: New Jersey steps in to supervise Trenton water utility
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: After continued complaints from local and state officials, Gov. Phil Murphy ordered New Jersey’s Department of Environmental Protection to intervene in the operations of its capital city’s troubled water utility… Link to Story
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Municipal Bond Credit Report: Not-for-profit hospital chains cut number of ratings they will pay for
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Three not-for-profit health systems cut the number of ratings they pay for amid a backdrop of strained operating conditions with margins squeezed by sector-wide expense pressures… Link to Story
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Municipal Bond Credit Report: Florida’s jobless rate nears record low
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Florida’s unemployment rate fell to a near record low in September, according to data released Friday by the U.S. Labor Department and the state Department of Economic Opportunity… Link to Story
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Municipal Bond Credit Report: Fed Set to Raise Rates by 0.75 Point and Debate Size of Future Hikes
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve officials are barreling toward another interest-rate rise of 0.75 percentage point at their meeting Nov. 1-2 and are likely to debate then whether and how to signal plans to approve a smaller increase in December… Link to Story
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Municipal Bond Credit Report: Home Prices Fell in August in Biggest Monthly Decrease Since 2011
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Home prices posted their biggest month-on-month decline in more than a decade in August as rising mortgage rates weighed on home-buying demand… Link to Story
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Municipal Bond Credit Report: Private Lending Takes Root in Muni Market
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A pandemic surge in privately sold municipal bonds is highlighting how private deals have become a mainstay of the $4 trillion market for state and local debt—and a go-to in times of stress… Link to Story
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Municipal Bond Credit Report: Economists Now Expect a Recession, Job Losses by Next Year
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. is forecast to enter a recession in the coming 12 months as the Federal Reserve battles to bring down persistently high inflation, the economy contracts and employers cut jobs in response, according to The Wall Street Journal’s latest survey of economists… Link to Story
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Municipal Bond Credit Report: California wades into offshore wind
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The challenges facing California as it strives to become home to the nation’s first floating offshore wind farms range from turbines too large to fit under the Golden Gate Bridge to federal policy supporting oil and gas leases to a grid that can’t handle the power coming from the sea… Link…
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Municipal Bond Credit Report: St. Louis suburb’s hockey arena default sinks rating
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Maryland Heights, Missouri, forwarded the funds needed to cover a delinquent debt service payment for revenue bonds issued for its community ice arena, but not before triggering a two-notch downgrade that sent its certificates of participation to junk… Link to Story
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Municipal Bond Credit Report: GDP Now – Latest estimate: 2.9 percent
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 2.9 percent on October 19, up from 2.8 percent on October 14. After recent releases from the Federal Reserve Board of Governors and the US Census Bureau, the nowcast of third-quarter real…