Tag: Municipal Bond Credit
-
Municipal Bond Credit Report: Arizona charter school charged by SEC files for bankruptcy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Prescott Valley, Arizona-based nonprofit charter school operator Park View School filed for bankruptcy protection July 21 following years of financial mismanagement and a federal enforcement action targeting a fraudulent municipal bond offering… Link to Story
-
Municipal Bond Credit Report: Genesee County, Michigan’s upgrade trickles down to Karegnondi Water Authority
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Genesee County, Michigan, drew an upgrade from Moody’s Investors Service over its healthier reserves, action that also benefits the Karegnondi Water Authority pipeline’s debt as it’s ultimately backed by the county… Link to Story
-
Municipal Bond Credit Report: Florida officials highlight strong population, economic growth
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Fresh off a whirlwind of visits to investors and meetings with rating agencies, Florida officials are confident the state’s finances will remain in good shape no matter what the future holds… Link to Story
-
Municipal Bond Credit Report: Debt service challenges continue for American Dream mall
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: After dancing with default on a June municipal bond payment, the owners of American Dream megamall in New Jersey face an Aug. 1 payment on another set of tax-exempts… Link to Story
-
Municipal Bond Credit Report: Tardy Santa Fe audit sparks concerns about state capital funding
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Santa Fe, New Mexico, city officials are fretting that a late fiscal 2021 financial audit could lead the state government to withhold state bond proceeds earmarked for city capital projects… Link to Story
-
Municipal Bond Credit Report: Pension liabilities are soaring again as state funds mirror market losses
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The stock market decline of 2022 is projected to push the unfunded liabilities of state-run pension systems to $1.3 trillion for the fiscal year, according to a Reason Foundation analysis… Link to Story
-
Municipal Bond Credit Report: Municipal-Bond Issuers Fall Behind on Disclosures
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. states, cities and counties are taking longer to file regular financial reports, leaving bondholders in the dark and adding to pressure on prices… Link to Story
-
Municipal Bond Credit Report: Here’s the latest on lawsuit against Florida Gov. Ron DeSantis about Disney’s Reedy Creek Improvement District
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A lawsuit filed against Florida Gov. Ron DeSantis over a new law he supported to dissolve a handful of special districts in the state — including Walt Disney World’s (NYSE: DIS) Reedy Creek Improvement District — is set to go before a judge next month… Link to Story
-
Municipal Bond Credit Report: U.S. Inflation Hits New Four-Decade High of 9.1%
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. consumer inflation accelerated to 9.1% in June, a pace not seen in more than four decades, adding pressure on the Federal Reserve to act more aggressively to slow rapid price increases throughout the economy… Link to Story
-
Municipal Bond Credit Report: Fed Official Says 0.75-Point Rate Rise Seems Most Likely in July
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Federal Reserve official who has favored aggressive rate increases this year said he would favor a 0.75-percentage-point rate rise at the central bank’s meeting in two weeks—though stronger economic data between now and then could tip the scale in favor of an increase of a full percentage point… Link to…