Tag: Municipal Bond Credit
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Municipal Bond Credit Report: San Antonio utility gets second downgrade in wake of Texas power crisis
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: San Antonio’s CPS Energy suffered a second bond rating downgrade in the aftermath of a February winter storm and cold snap that discombobulated the Texas energy market… Link to Story
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Municipal Bond Credit Report: Texas Grid Operator Discussed Financing With Goldman as Energy Buyers Balk at $3 Billion Payment Shortfall
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Texas grid operator has held talks with financial institutions including Goldman Sachs Group Inc. about potential financing options to address a more than $3 billion shortfall in electricity payments as some market participants balk at paying their share, according to people familiar with the matter… Link to Story
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Municipal Bond Credit Report: The $16 Billion in Texas Power Overcharges? Market Monitor Now Pins Figure at $3 Billion
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Texas’s top utility regulator said that an independent market monitor has substantially revised a recommendation to reprice $16 billion worth of electricity charges stemming from last month’s blackouts, lowering it to around $3 billion… Link to Story
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Municipal Bond Credit Report: Puerto Rico ERS bondholders gain better terms
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Puerto Rico Employees Retirement System bondholders could be in line to get more than 14% of original par value of their investments in a tentative deal reached late Tuesday with the Puerto Rico Oversight Board… Link to Story
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Municipal Bond Credit Report: Puerto Rico debt plan offers 9% for ERS bonds, hazy on $8 billion
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Puerto Rico Oversight Board indicated it would offer 9% reimbursement for Employees Retirement System bonds but was hazy how it would handle $8 billion more of Puerto Rico debt… Link to Story
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Municipal Bond Credit Report: Palm Beach County charter school case may impact education throughout Florida
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A legal battle over charter school funding in Palm Beach County may have implications for public education in the entire state of Florida… Link to Story
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Municipal Bond Credit Report: U.S. Jobless Claims Ease as Hiring Picks Up
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Worker filings for unemployment benefits dropped to 712,000 last week, nearing their lowest level since the pandemic fueled a surge in layoffs last March… Link to Story
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Municipal Bond Credit Report: Texas power, utility ratings are falling in wake of deep freeze
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Municipal credits are swirling downwards as Texas utilities seek to recover billions of dollars lost in a winter power crisis… Link to Story
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Municipal Bond Credit Report: State, local aid intact in Senate-passed stimulus bill
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The direct aid to state and local governments that the House is expected to send to President Biden later this week has minor changes added by the Senate over the weekend… Link to Story
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Municipal Bond Credit Report: Anaheim ratings cut just as California eases amusement park restrictions
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The city of Anaheim, home to Disneyland, received its second rating downgrade the same day that the California governor announced that parks, sports stadiums and theme parks could welcome back visitors on April 1… Link to Story