Tag: Municipal Bond Credit
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Municipal Bond Credit Report: About MAC’s Merger with and into AGM
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: On April 1, 2021, Municipal Assurance Corp. (MAC) completed its previously disclosed merger with and into its affiliate Assured Guaranty Municipal Corp. (AGM), with AGM as the surviving company. As a result, all insurance policies issued by MAC have become insurance obligations of AGM. As the surviving company of the merger,…
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Municipal Bond Credit Report: Pandemic’s toll on Illinois’ motor fuel and transit revenue: $1 billion
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois could counter the COVID-19 pandemic’s toll on motor fuel tax revenue by funneling some of its incoming federal relief funds to infrastructure projects, a policy group recommends in a new report… Link to Story
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Municipal Bond Credit Report: Twin Illinois rating outlook bumps spur talk of upgrade prospects
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Two recent lifts to Illinois rating outlooks cast a more favorable light on its bonds but whether the momentum leads to upgrades hinges on the state showing fiscal discipline as it finalizes a new budget and spends federal cash, market participants said… Link to Story
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Municipal Bond Credit Report: Kuakini hospital’s ratings dropped further into junk territory
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A private hospital system in Honolulu that has struggled for more than a decade saw the long-term rating on its bonds downgraded to CCC from B-minus by S&P Global Ratings… Link to Story
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Municipal Bond Credit Report: U.S. Home Prices Rise at Fastest Pace in 15 Years
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Home-price growth accelerated to a 15-year high in January, as the supply of homes for sale dropped to a new low… Link to Story
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Municipal Bond Credit Report: U.S. Consumer Confidence Hits Highest Point Since Pandemic Started
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Consumer confidence in the U.S. rose in March to its highest level since the pandemic started a year ago, with Americans expressing more optimism about business and labor-market conditions in the coming months… Link to Story
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Municipal Bond Credit Report: Hospitals face lingering fiscal damage from coronavirus pandemic
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The damage COVID-19 caused for the not-for-profit hospital sector runs deep, with recovery prospects clouded even with the help of federal aid and a ramping up of vaccinations… Link to Story
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Municipal Bond Credit Report: Illinois gets Moody’s rating outlook boost to stable
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois moved another step back from the ratings brink Thursday afternoon, as Moody’s Investors Service revised the outlook to stable from negative on its Baa3 rating, which was affirmed… Link to Story
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Municipal Bond Credit Report: San Antonio utility heads to market after cold snap battering
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: San Antonio’s CPS Energy will issue $367 million of bonds amid upheaval in the Texas utility market from the deep freeze that crippled the state in February… Link to Story
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Municipal Bond Credit Report: Nassau County gets outlook boost from Moody’s
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Nassau County, New York, will go to market next month armed with positive momentum on its Moody’s Investors Service rating… Link to Story