Tag: Municipal Bond Credit
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Municipal Bond Credit Report: New Jersey receives rating outlook lift from Moody’s
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Citing sustained progress on pension funding and debt reduction, Moody’s Investors Service Friday lifted its rating outlook on New Jersey to positive from stable, while affirming its issuer and general obligation bond ratings at A2… Link to Story
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Municipal Bond Credit Report: Illinois police pension fund consolidation makes progress amid litigation
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The consolidation of Illinois’ suburban and downstate police pension fund assets has picked up speed since a May court ruling upholding the law’s constitutionality, but a pending appeal remains an impediment to wrapping up the process… Link to Story
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Municipal Bond Credit Report: Bankruptcy court complicates suits over failed NFL facility in South Carolina
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The failed endeavor to build the Carolina Panthers football franchise a new headquarters in York County, South Carolina, has resulted in a thorny legal battle over who is to blame… Link to Story
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Municipal Bond Credit Report: New Jersey and Connecticut have eased longstanding pension pains somewhat
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: With their revenues beating expectations through stronger-than-expected tax receipts and federal pandemic aid, many states have used the extra funds to pay down unfunded pension liabilities accrued in some cases over decades, according to a Pew Charitable Trusts report on state pension systems… Link to Story
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Municipal Bond Credit Report: Fed Raises Interest Rates by 0.75 Percentage Point for Third Straight Meeting
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve approved its third consecutive interest-rate rise of 0.75 percentage point and signaled additional large increases were likely even though they are raising the risk of recession… Link to Story
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Municipal Bond Credit Report: GDPNow Latest estimate: 0.5 percent — September 15, 2022
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 0.5 percent on September 15, down from 1.3 percent on September 9… Link to Story
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Municipal Bond Credit Report: Inflation Report Keeps Fed on Aggressive Rate-Rise Path
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The acceleration in inflation last month clinches the case for the Federal Reserve to lift interest rates by at least 0.75 percentage point at its meeting next week and raises the prospect of hefty increases continuing in coming months… Link to Story
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Municipal Bond Credit Report: Mortgage Rates Top 6% for the First Time Since the 2008 Financial Crisis
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Mortgage rates topped 6% this week, their highest level since 2008, giving a jolt to home buyers who last year were paying less than half that… Link to Story
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Municipal Bond Credit Report: State debt, pensions, and OPEB costs all climbed in 2021, Moody’s says
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Debt, pension and retiree healthcare liabilities held by states rose in fiscal 2021 but surging revenue put them in a better position to manage their obligations, Moody’s Investors Service says in a report… Link to Story
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Municipal Bond Credit Report: Municipal Bonds Suddenly Look Cheap. Some Are Tax Traps.
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: When the investing herd stampedes in one direction, it can pay to go the opposite way—but only if you step carefully… Link to Story