Tag: Municipal Bond Credit
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Municipal Bond Credit Report: U.S. Jobless Claims Extend Decline to New Pandemic Low
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The number of workers seeking and receiving unemployment benefits through state and federal programs has reached pandemic lows. A move by Republican-led states to end a $300 federal benefit early will likely further reduce benefits totals this summer… Link to Story
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Municipal Bond Credit Report: Three upgrades set table for $1 billion Connecticut GO sale
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Connecticut will bring three rating upgrades to the table when it comes to market with a $1 billion exempt and taxable general obligation deal set for Wednesday… Link to Story
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Municipal Bond Credit Report: Chicago and Illinois to push back on Treasury’s aid guidance
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago and Illinois will make their case with the Treasury Department to alter American Rescue Plan guidance that in its current form would scuttle plans to repay COVID-19 related borrowing with the aid… Link to Story
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Municipal Bond Credit Report: Harvey, Illinois’ ARP relief dragged into pension fund conflict
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Harvey, Illinois, pension fund claims it’s entitled to share in the Chicago suburb’s American Rescue Plan funds and wants to block the distribution of aid until a judge decides… Link to Story
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Municipal Bond Credit Report: U.S. Shoppers Continued Stimulus-Fueled Spending in April
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Shoppers extended stimulus-induced spending in April, maintaining a level of retail sales from the prior month with increased expenditures on autos and dining out… Link to Story
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Municipal Bond Credit Report: U.S. Jobless Claims Fall to Another Pandemic Low
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Jobless claims continued a several-week slide to new pandemic lows, in a sign hiring is primed to strengthen as workers return to the labor market… Link to Story
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Municipal Bond Credit Report: Lawsuits, cost pressures spur Sutter Health ratings downgrade from Fitch
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Sacramento-based Sutter Health has been downgraded one notch to A by Fitch Ratings amid multiple lawsuits, the increased costs of seismic regulations and escalating labor costs, the rating agency said…. Link to Story
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Municipal Bond Credit Report: Consumer Prices Jumped as Economic Recovery Picked Up
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. consumer prices surged in April as the economic recovery picked up, reflecting surging demand as the pandemic eased and higher prices due to supply bottlenecks… Link to Story
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Municipal Bond Credit Report: Some, but Not All, of the Price Jump Is Transitory
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The surge in prices in April was a shocker. Excluding food and energy, the core index rose 0.9% from March, the biggest one-month increase since 1981, and three times more than Wall Street expected. This was as surprising as the subdued April payroll increase reported just five days earlier… Link to…
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Municipal Bond Credit Report: Wisconsin’s revised Foxconn deal has no credit impacts for state, local governments
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Wisconsin’s revised deal with Foxconn Technology Group that cuts tax breaks to $80 million from nearly $3 billion for the downsized project represents a neutral exchange for the state while not adding to, or abating, local government risks, Moody’s Investors Service says… Link to Story