Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Port of Miami to Sell $1.4 Billion in Muni Bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Florida officials announced the largest pandemic-era municipal-bond sale backed by port revenue, hoping to tap into investor demand for local-government debt tied to recovering sectors of the U.S. economy… Link to Story
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Municipal Bond Credit Report: Defaulted California rice-straw plant asks muni holders for more
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: In the heart of California’s rice country, a project that dealt municipal bond investors one of the biggest high-yield defaults of the past decade is about to ask them for more cash. And there’s every reason to expect burned debtholders to go along… Link to Story
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Municipal Bond Credit Report: Kentucky’s economy rebounding as wildcard coronavirus variant eyed
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Despite the coronavirus pandemic’s shock to Kentucky’s economy, the Bluegrass State has seen a rebound in employment, revenue and company investments. But as Kentucky’s economic momentum gains speed, there’s a wildcard in the Delta variant that threatens to slow all the progress that has been made so far this year… Link…
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Municipal Bond Credit Report: Detroit voters nix charter revisions that mayor warned imperiled city finances
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Detroit voters defeated proposed charter revisions that Mayor Mike Duggan’s administration had warned would jeopardize the city’s fiscal progress and trigger state oversight and potentially a return trip to bankruptcy court… Link to Story
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Municipal Bond Credit Report: Pensions trigger another New Jersey outlook boost
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Improved pension funding led to New Jersey’s second upward revision in weeks, as S&P Global Ratings boosted its outlook on the state’s general obligation bonds to positive from stable… Link to Story
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Municipal Bond Credit Report: U.S. Government Bond Yields Rise After Jobs Report
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. government bond yields rose Friday after Labor Department data showed the unemployment rate declined to its lowest level since the pandemic took hold… Link to Story
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Municipal Bond Credit Report: U.S. Economy Added 943,000 Jobs in July, Unemployment Rate Fell to 5.4%
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A strengthening U.S. labor market added cushion to the economic recovery in July ahead of the Delta variant threat, with employers creating jobs at the best pace in nearly a year and the unemployment rate falling sharply… Link to Story
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Municipal Bond Credit Report: Arguing continues a year after Supreme Court’s Oklahoma tribal land ruling
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The impact of last year’s U.S. Supreme Court ruling that eastern Oklahoma remains mostly tribal land continues to spread beyond the criminal courts… Link to Story
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Municipal Bond Credit Report: Another fast-burning Western fire season is a credit risk reminder
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: As California, Oregon and other western states pile up year after year of record-setting fire seasons, the question looms as to what point it becomes a significant risk for municipal debt… Link to Story
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Municipal Bond Credit Report: Chicago’s fiscal recovery from coronavirus draws Moody’s outlook lift
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago’s recovering revenues and a $1.9 billion federal shot in the arm spurred Moody’s Investors Service to lift the city’s outlook to stable… Link to Story