Tag: Municipal Bond Credit
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Municipal Bond Credit Report: State intervention ‘imminent’ for Trenton, NJ, water utility
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Following a brush with default in August that prompted a state response, a group of local legislators announced on Monday that New Jersey’s Department of Environmental Protection planned for a limited but “imminent” intervention of its troubled water utility provider, Trenton Water Works, which services the city and four surrounding townships……
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Municipal Bond Credit Report: Oregon school district takes a ratings hit on financial woes
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A school district in the Portland, Oregon, suburbs was downgraded two notches by Moody’s Investors Service… Link to Story
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Municipal Bond Credit Report: Mortgage Rates Hit 6.92%, a 20-Year High
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. mortgage rates jumped to their highest level in more than two decades… Link to Story
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Municipal Bond Credit Report: Inflation Report Seals Case for 0.75-Point Fed Rate Rise in November
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Another uncomfortably high inflation reading for September is likely to keep the Federal Reserve on track to increase interest rates by 0.75 percentage point at its meeting next month… Link to Story
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Municipal Bond Credit Report: Inflation Sits at 8.2% as Core Prices Hit Four-Decade High
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. consumer inflation excluding energy and food accelerated to a new four-decade high in September, a sign that strong and broad price pressures are persisting. .. Link to Story
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Municipal Bond Credit Report: U.S. Jobless Claims Rose Last Week but Remain Historically Low
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New applications for unemployment benefits rose last week in the latest sign of a cooling labor market, although they remained close to prepandemic lows. .. Link to Story
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Municipal Bond Credit Report: Petition drive blocks debt for Texas hospital district
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A successful petition drive thwarted plans by the El Paso County Hospital District, Texas, to issue $345.7 million of certificates of obligation to finance expansion projects at its University Medical Center and Children’s Hospital… Link to Story
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Municipal Bond Credit Report: Chicago targets pension funding with help from improved revenues
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago’s proposed 2023 budget launches a new pension funding policy aimed at holding its net pension liabilities in check beginning with a supplemental $242 million payment next year… Link to Story
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Municipal Bond Credit Report: Hurricane Ian damages in Southeast estimated at $100B to $120B
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The damage and economic loss from Hurricane Ian could total between $100 billion and $120 billion, according to Dr. Joel Myers, AccuWeather’s founder and CEO… Link to Story
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Municipal Bond Credit Report: Florida in solid financial condition as Ian recovery gets underway
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Florida is facing a massive cleanup effort that won’t be finished overnight, but the road to full recovery may be eased by the fact that the state was well-positioned financially before Hurricane Ian first touched land… Link to Story