Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Commodity Price Surges Add to Inflation Fears
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The run-up in commodity prices is casting a cloud over the global economic recovery, slamming vulnerable businesses and households and adding to fears that inflation could become more persistent… Link to Story
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Municipal Bond Credit Report: U.S. Job Openings Reached Record Level This Spring
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Available jobs in the U.S. climbed further above pre-pandemic levels last month following a record surge earlier in the spring, a sign of strong demand for workers—with leisure and hospitality sectors showing the most growth in openings… Link to Story
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Municipal Bond Credit Report: Kentucky’s pension funding ratios weak despite improvements
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Kentucky has taken action to shore up its pension system, but it’s going to take time to reverse the adverse effects of past funding shortfalls, according to S&P Global Ratings… Link to Story
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Municipal Bond Credit Report: Illinois Sports Facilities Authority debt restructuring spares Chicago budget
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Illinois Sports Facilities Authority will push off repayment of about $20 million of debt to free Chicago from the burden of covering a COVID-19-induced shortfall in hotel tax collections… Link to Story
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Municipal Bond Credit Report: Jobless Claims Drop to Another Pandemic Low
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Worker filings for initial jobless claims have dropped by 35% since late April, adding to signs of a healing labor market as the U.S. economy ramps up… Link to Story
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Municipal Bond Credit Report: U.S. Employers Added 559,000 Jobs in May
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Hiring in the U.S. picked up in May, signaling a moderate improvement in the labor market’s recovery from the pandemic as businesses struggled to fill job openings… Link to Story
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Municipal Bond Credit Report: Texas Senate OKs use of rainy day fund to support grid operator
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Texas Senate authorized the use of the state’s rainy day fund to cover $2.1 billion of electric costs incurred after its power transmission system failed during a severe winter storm in February… Link to Story
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Municipal Bond Credit Report: San Antonio faces debt service shortfall on convention hotel bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Revenues supporting San Antonio’s $173 million of Convention Center Hotel Finance Corp. bonds are expected to fall short of debt service on July 15… Link to Story
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Municipal Bond Credit Report: Cruise ports may see some revenue relief soon
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Cruise ship ports in the U.S. may see some light at the end of the tunnel after more than a year without any departures because of the COVID-19 pandemic… Link to Story
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Municipal Bond Credit Report: Fiscal warnings aired on moving to elected school board in Chicago
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Proposed legislation to move Chicago Public Schools to a fully-elected, 21-member school board without any city role raises “dangerous” financial questions, Chicago Civic Federation President Laurence Msall warned lawmakers… Link to Story