Tag: Municipal Bond Credit
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Municipal Bond Credit Report: February Hiring Sets Up Stronger Spring Recovery
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. economy is set up for a stronger recovery this spring after a February surge in hiring at restaurants and other hospitality businesses created the best monthly job growth since last fall… Link to Story
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Municipal Bond Credit Report: Texas Overcharged $16 Billion for Power During Freeze, Monitor Says
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: An independent market monitor said the Texas power-grid operator made a critical mistake that resulted in $16 billion in electricity overcharges last month, and recommended that the charges be reversed… Link to Story
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Municipal Bond Credit Report: U.S. Jobless Claims Hold Nearly Steady
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Filings for unemployment benefits in the latter half of February reached their lowest level in nearly three months amid signs of slow labor-market improvement… Link to Story
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Municipal Bond Credit Report: U.S. Economy Added 379,000 Jobs in February
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Hiring accelerated sharply in February as restaurants and other hospitality businesses reopened, adding 379,000 to U.S. payrolls and fueling renewed growth as the coronavirus pandemic eases… Link to Story
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Municipal Bond Credit Report: Tower Health hit with another bond downgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Tower Health has been hit with another bond downgrade as its losses continue… Link to Story
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Municipal Bond Credit Report: Empty office buildings squeeze city budgets as property values fall
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The coronavirus epidemic has led to empty buildings which are hurting city budgets and real estate firms’ bottom lines… Link to Story
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Municipal Bond Credit Report: Cooperative’s bankruptcy underscores risks to Texas electric utilities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Chapter 11 bankruptcy filing Monday of a large-scale electric power cooperative underscores the fallout from February’s market collapse of the state’s deregulated electrical grid after a deep freeze gripped the state… Link to Story
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Municipal Bond Credit Report: Fitch Places Texas Public Power Utilities and Electric Cooperatives on Rating Watch Negative
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Fitch Ratings has placed all retail and wholesale electric utilities operating within the geographic footprint of the Electric Reliability Council of Texas (ERCOT) on Rating Watch Negative (RWN) following the potentially severe, but uncertain, financial impact of operating challenges, market dislocation and winter weather on the sector last week… Link to…
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Municipal Bond Credit Report: Texas Public Power Utilities Ratings Pressured Amid Cost Surge
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Operating challenges and significantly higher prices for power and natural gas triggered by severe winter weather has led to a surge in costs for public power utilities in Texas. Early indications are that cost increases for utilities forced to rely on market purchases could be in the hundreds of millions of…
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Municipal Bond Credit Report: Suburban Chicago senior living facility nears bankruptcy exit
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A suburban Chicago senior living retirement facility is on track to exit bankruptcy next month — for the second time — with creditor voting now underway and conduit issuer approval for its restructuring bonds in hand… Link to Story