Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Mortgage Rates Hit 5% for First Time Since 2011
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The interest rate on America’s most popular mortgage hit 5% for the first time in more than a decade, extending a sharp rise that has yet to significantly slow the red-hot housing market… Link to Story
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Municipal Bond Credit Report: New Illinois budget funnels surplus to pensions, rainy day fund
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois lawmakers wrapped up a condensed spring session Saturday after taking action on some of the state’s chronic fiscal sore spots by socking away $1 billion in the state’s empty reserves, paying down overdue bills, and padding scheduled pension contributions… Link to Story
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Municipal Bond Credit Report: Oil and natural gas tax revenues roar back in energy producing states
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The good times are back for the volatile energy sector in Oklahoma, where revenue from taxes on oil and natural gas production hit a record high in March… Link to Story
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Municipal Bond Credit Report: Muni Bond Boom Is Sputtering as Interest Rates Rise
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Rising interest rates are threatening the municipal-bond boom on Wall Street, leaving governments less willing to borrow and households less willing to invest in the $4 trillion market… Link to Story
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Municipal Bond Credit Report: Providence split with Hoag brings Moody’s downgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The ratings of Providence, a not-for-profit healthcare system, were downgraded to A1 from Aa3 by Moody’s Investors Service following its split with Hoag Hospital in Orange County, California… Link to Story
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Municipal Bond Credit Report: Chicago’s convention center pockets enough taxes to cover debt service
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Metropolitan Pier and Exposition Authority’s tourism-related taxes — which took a pandemic-driven beating — have generated enough revenue to meet this year’s scaled-down debt service but challenges loom as debt service ramps up… Link to Story
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Municipal Bond Credit Report: Fed Signals Faster Pace of Rate Increases, Likely Bond Runoff
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve officials signaled they could raise rates by a half-percentage point at their meeting early next month and begin reducing their $9 trillion asset portfolio as part of their most aggressive effort in more than two decades to curb price pressures… Link to Story
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Municipal Bond Credit Report: March Jobs Report Keeps Fed on Track for Larger Rate Rise in May
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Friday’s employment figures underscore the urgency Federal Reserve officials feel to quickly withdraw economic stimulus by raising interest rates in potentially larger intervals in the coming months… Link to Story
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Municipal Bond Credit Report: Interest-Rate Surge Ripples Through Economy, From Homes to Car Loans
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The market is finally getting the message that the era of cheap money is ending… Link to Story
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Municipal Bond Credit Report: Moody’s upgrades $2 billion of MEAG nuclear project bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s Investors Service upgraded the Municipal Electric Authority of Georgia’s $2.1 billion of Plant Vogtle Units 3&4 Project J Bonds to A3 from Baa1… Link to Story