Tag: Municipal Bond Credit
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Municipal Bond Credit Report: ProMedica’s COVID wounds claim one investment-grade rating, with 2 on brink
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Ohio-based ProMedica Health System lost one of its investment-grade ratings and remains at risk of losing its other two as the COVID-19 pandemic’s wounds run deep, especially in its senior living division… Link to Story
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Municipal Bond Credit Report: Fitch maintains negative watch on Reedy Creek utility revenue bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Fitch Ratings is maintaining its negative rating watch on the Reedy Creek Improvement District, Florida’s combined utility system revenue bonds… Link to Story
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Municipal Bond Credit Report: Inflation Slipped in April, but Upward Pressures Remain
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. inflation remained close to its highest annual rate in four decades last month, declining only slightly to 8.3% with signs the economy continued to face upward price pressures… Link to Story
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Municipal Bond Credit Report: Pensions’ Bad Year Poised to Get Worse
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: State and local government retirement funds started the year with their worst quarterly returns since the beginning of the pandemic. Things have only gone downhill since… Link to Story
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Municipal Bond Credit Report: S&P Hits U.S. States With Politicized Credit Scores
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Ideological criteria will now influence the credit ratings of state and local governments, thanks to S&P Global Ratings. In addition to rating governments on meaningful financial criteria, in March the biggest of the top three credit-rating firms began to apply an environmental, social and governance, or ESG, rating system… Link to…
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Municipal Bond Credit Report: Philadelphia sees tourism rebound
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Philadelphia region saw a 21% increase in tourists last year as more than 36 million people visited the region, according to Philadelphia Convention and Visitors Bureau… Link to Story
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Municipal Bond Credit Report: Fitch hands Illinois a two-notch upgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Fitch Ratings lifted Illinois’ rating two notches to BBB-plus Thursday, handing the state its second positive rating action in recent weeks as it preps an up to $1.8 billion general obligation sale… Link to Story
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Municipal Bond Credit Report: Infrastructure funds target wildfires as muni market scrutiny grows
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Yuba Water Agency officials say it’s only sheer luck that’s kept its 313,000-acre watershed in California’s Central Valley from burning… Link to Story
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Municipal Bond Credit Report: Inflation Eclipses April’s Historically Strong Wage Gains
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Wage increases are settling at a historically high rate but aren’t keeping up with inflation, which has accelerated this year… Link to Story
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Municipal Bond Credit Report: U.S. Economy Added 428,000 Jobs in April
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. economy added 428,000 jobs in April, a robust gain suggesting the labor market remains hot despite jittery stock markets and a dimming economic outlook… Link to Story