Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Milwaukee rating cut as pension funding reckoning looms large
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Milwaukee received another rating downgrade as fiscal pressures led by rising pension costs mount… Link to Story
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Municipal Bond Credit Report: Fed on Path for Another 0.75-Point Interest-Rate Lift After Powell’s Inflation Pledge
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve appears to be on a path to raise interest rates by another 0.75 percentage point this month in the wake of Chairman Jerome Powell’s public pledge to reduce inflation even if it increases unemployment… Link to Story
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Municipal Bond Credit Report: Central Florida residents’ lawsuit regarding DeSantis and Disney’s Reedy Creek may head to Tallahassee
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The ongoing lawsuit involving Florida Gov. Ron DeSantis, state officials and some residents of Orange and Osceola counties about the dissolution of Walt Disney World’s (NYSE:DIS) Reedy Creek Improvement District is relocating… Link to Story
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Municipal Bond Credit Report: Jackson Water Crisis Forces Cities to Confront Their Own Aging Infrastructure – WSJ
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The 2.2 million miles of pipes that carry water into homes, businesses and public places are breaking. Many of the roughly 145,000 public water systems’ treatment facilities that make water safe to drink are decaying. And a growing number of the pumps and pipelines that funnel water from reservoirs and rivers…
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Municipal Bond Credit Report: Revamp Eyed for Home-Loan Banks
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Housing Finance Agency is eyeing a potential revamp for the Federal Home Loan Banks, a nearly $1 trillion network of government-chartered cooperatives that provide cheap funding to thousands of banks… Link to Story
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Municipal Bond Credit Report: Covenants violated by second junk downgrade for Ohio-based ProMedica Healthcare
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Ohio-based ProMedica Healthcare lost a second investment grade rating with a third on the line amid deepening strains from the COVID-19 pandemic and other healthcare sector challenges with the hits landing especially hard on in its senior living division… Link to Story
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Municipal Bond Credit Report: Jackson, Miss., Is Out of Running Water After Treatment Plant Pumps Fail
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The city of Jackson, Miss., which has struggled with a crumbling water infrastructure for years, has no reliable running water, authorities said… Link to Story
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Municipal Bond Credit Report: Water Crisis in Jackson, Miss., Drags Into Third Day
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: More than 150,000 people in Jackson, Miss., faced a third day of unreliable running water on Wednesday as officials scrambled to repair the capital city’s neglected water infrastructure and provide clean drinking water… Link to Story
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Municipal Bond Credit Report: Once junk-rated, Wayne County, Michigan, hits A1 with upgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Wayne County, Michigan, drew a two-notch upgrade to A1 from Moody’s Investors Service as a fiscal turnaround pushes its past distress further in the rear view mirror… Link to Story
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Municipal Bond Credit Report: U.S. GDP Fell Less Than Previously Thought in Second Quarter
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The second-quarter decline in U.S. economic output was less severe than initially estimated and unemployment claims fell slightly last week, signs of measured slowing in the overall economy in the face of high inflation and easing consumer demand… Link to Story