Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Public finance impact of hurricanes’ one-two punch is still taking shape
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: As the people in the path of Hurricanes Helene and Milton continue to dig out from the damage, the municipal bond market continues to assess the storms’ impact on public finance in the Southeast… Link to Story
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Municipal Bond Credit Report: U.S. Consumers Drive Retail Sales Growth
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: American shoppers and diners closed out the summer without much sign of cutbacks—fresh evidence of how strong consumer spending has helped insulate the economy from a downturn… Link to Story
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Municipal Bond Credit Report: Hurricane Helene won’t hammer Florida’s CAT fund
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: While Hurricane Helene could have short- and long-term impacts on government finances and the economy, observers say Florida’s hurricane catastrophe fund has sufficient funds to cover damages without requiring immediate replenishment… Link to Story
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Municipal Bond Credit Report: Colorado metropolitan districts face challenges
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Colorado’s metropolitan districts face constrained revenue growth due to flat or slightly falling property values, but their creditworthiness is likely to remain stable through 2025, according to Moody’s Ratings… Link to Story
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Municipal Bond Credit Report: Rising Chicago deficit forecast raises eyebrows in muni market
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago released a budget forecast last week projecting that its corporate fund deficit will grow in upcoming years, jumping to $982.4 million in 2025 from $222.9 million at the end of 2024… Link to Story
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Municipal Bond Credit Report: Fed Cuts Rates by Half Percentage Point
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve voted to lower interest rates by a half percentage point, opting for a bolder start in making its first reduction since 2020. The long-anticipated pivot followed an all-out fight against inflation the central bank launched two years ago… Link to Story
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Municipal Bond Credit Report: Dallas sets public safety pension funding plan amid litigation
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Dallas will contribute $11 billion to its Police and Fire Pension System over 30 years under a plan approved Wednesday by the city council to comply with a Texas law aimed at keeping the system, which is just 39% funded, with a $3.2 billion unfunded liability, solvent… Link to Story
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Municipal Bond Credit Report: Defaulted hospital names chief restructuring officer
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Jackson Hospital & Clinic in Montgomery, Alabama, has named a chief restructuring officer in the aftermath of a bond payment default… Link to Story
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Municipal Bond Credit Report: GDPNow Latest estimate: 2.1 percent — September 04, 2024
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.1 percent on September 4, up from 2.0 percent on September 3… Link to Story
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Municipal Bond Credit Report: Rising Chicago deficit forecast raises eyebrows in muni market
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago released a budget forecast last week projecting that its corporate fund deficit will grow in upcoming years, jumping to $982.4 million in 2025 from $222.9 million at the end of 2024… Link to Story