Tag: Municipal Bond Credit
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Municipal Bond Credit Report: New Jersey uses budget bounty to retire $3 billion of debt
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New Jersey has followed through on plans to use its budget surplus to trim its debt load… Link to Story
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Municipal Bond Credit Report: University of Chicago rating outlooks return to stable
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The University of Chicago won back stable rating outlooks as investment returns swelled last year and student-driven revenues bounce back with a return to campus… Link to Story
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Municipal Bond Credit Report: Distressed no more: After 30 years, Scranton leaves Pennsylvania’s Act 47
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: After spending 30 years as a distressed municipality under Pennsylvania’s Act 47, the city of Scranton has been freed from its emergency designation… Link to Story
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Municipal Bond Credit Report: Illinois’ proposed budget draws positive words from rating agencies
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois Gov. J.B. Pritzker’s plan to use surpluses to pay down bills and bolster reserves and pension contributions drew positive reviews from rating agency analysts… Link to Story
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Municipal Bond Credit Report: Strong economy, robust reserves earn Idaho a second triple-A rating
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Idaho received its second rating upgrade in four months when Moody’s Investors Service elevated the state’s issuer rating to Aaa from Aa1 on Thursday… Link to Story
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Municipal Bond Credit Report: Strong Jobs Report Points to Likely Fed Rate Rises in March and May
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A steady gain in hiring last month keeps the Federal Reserve on track to lift interest rates next month and could prompt increases at meetings in May and June… Link to Story
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Municipal Bond Credit Report: Elevated Bond Yields Approach Key Milestone
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Friday’s blockbuster jobs report has pushed the yield on the 10-year U.S. Treasury note within reach of 2%, marking a major step in the financial markets’ recovery from the pandemic. .. Link to Story
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Municipal Bond Credit Report: Moody’s raises New Jersey Turnpike Authority’s senior lien revenue bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s Investors Service said Wednesday it raised the New Jersey Turnpike Authority’s senior lien revenue bonds to A1 from A2. The outlook on the bonds is stable… Link to Story
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Municipal Bond Credit Report: Actuary puts price tag on Chicago firefighters’ pension enhancement
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A state-approved pension enhancement for some Chicago firefighters adds $180 million to the fund’s existing $5.29 billion of unfunded liabilities and $16 million to $17 million in additional annual costs that add up to $700 million by 2055… Link to Story
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Municipal Bond Credit Report: U.S. Consumer Spending Fell 0.6% in December Amid Inflation, Omicron
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Rising inflation and the spread of the Omicron variant dented household spending, a key engine of economic growth, headed into 2022… Link to Story