Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Junk-Bond Rally Pulls Yields Below Inflation
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Investors’ headlong embrace of risk passed a new milestone in recent sessions: The return that investors receive for investing in the riskiest U.S. companies fell below inflation… Link to Story
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Municipal Bond Credit Report: Chicago’s unfunded pension liabilities continue their upward march
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A flood of federal relief helped cushion the pandemic’s impact on Chicago’s balance sheet last year, but the city’s unfunded pension liabilities are an exception… Link to Story
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Municipal Bond Credit Report: Payment default sends Florida senior living bonds to D
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: S&P Global Ratings on Wednesday cut bonds issued for five senior assisted living facilities in Florida to D from CC after they defaulted on July 1… Link to Story
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Municipal Bond Credit Report: Texas sales tax collections roaring back to record pace
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: At $3.16 billion in June, Texas sales tax collections were 18% higher than the same month a year ago and 10.4% above those in June 2019, State Comptroller Glenn Hegar said… Link to Story
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Municipal Bond Credit Report: Virginia’s triple-A rating affirmed by Fitch
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Despite taking a hit during the COVID-19 pandemic, Virginia’s prudent approach to financial operations along with its financial flexibility has kept the state’s ratings in the top tier… Link to Story
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Municipal Bond Credit Report: New risks compound mass-transit challenges
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Challenges for U.S. mass transit will continue as providers face new and developing credit risks including continued transition to remote work.. Link to Story
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Municipal Bond Credit Report: Michigan rating outlooks bloom with lifts from two agencies
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Michigan drew a second dose of positive rating news in June as S&P Global Rating’s lifted its rating outlook to stable from negative as COVID-19 pandemic fiscal worries fade amid a brighter economic picture… Link to Story
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Municipal Bond Credit Report: U.S. Jobless Claims Fell to 364,000 Last Week, a New Pandemic Low
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Worker filings for jobless benefits fell to a new pandemic low last week and resumed a monthslong downward trend, adding to signs of a recovering labor market… Link to Story
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Municipal Bond Credit Report: U.S. Added 850,000 Jobs in June Labor Rebound
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Employers added 850,000 jobs in June—the biggest gain in 10 months—and workers’ wages rose briskly, the government said Friday, both signs of robust demand for workers… Link to Story
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Municipal Bond Credit Report: Illinois basks in Moody’s upgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois won a one-notch upgrade Tuesday from Moody’s Investors Service, action that turns the rating tide for a state stung by more than a decade of downgrades that left it one cut away from a speculative grade… Link to Story