Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Bay Area Toll Authority reserves cushioned it when the pandemic cut traffic
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: It wasn’t the disaster the Bay Area Toll Authority had prepared for. But its fiscal readiness puts the agency in a solid position as it comes to market amid a pandemic that has taken a major bite out of traffic on its seven San Francisco-area toll bridges… Link to Story
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Municipal Bond Credit Report: Anaheim sees ratings downgrade as city struggles amid Disney closure
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The continued closure of Disneyland, a major economic driver for Anaheim, California, has weakened city revenues and resulted in the downgrade of its issuer rating to A1 from Aa1 by Moody’s Investors Service… Link to Story
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Municipal Bond Credit Report: How relying on wage tax exposes Philadelphia to revenue risks
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The effect of COVID-19 on work-from-home dynamics could heavily affect Philadelphia, which depends on a commuter wage tax for some of its general fund revenue… Link to Story
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Municipal Bond Credit Report: Murphy’s full pension payment revives debate over New Jersey overhaul
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Gov. Phil Murphy’s call for New Jersey to make its first full pension contribution in 25 years is generating questions about retirement-system overhaul in one of the nation’s lowest-rated states, and how might the capital markets respond… Link to Story
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Municipal Bond Credit Report: New York’s OPEB problem
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: When municipal analysts think of states with severely underfunded public employee retirement obligations, Illinois, New Jersey, and Kentucky typically come to mind. New York State, with its relatively healthy state employee and teacher retirement systems is rarely seen as a problem child… Link to Story
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Municipal Bond Credit Report: Texas deep freeze could bring staggering bills for cities and utilities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Texas temperatures have returned to seasonal norms, but the public finance crisis from last week’s deep freeze is just beginning… Link to Story
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Municipal Bond Credit Report: Louisiana’s up-and-down Moody’s outlook is back up to positive
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The fiscal forecast for Louisiana is a bit brighter after a bond rating agency lifted its outlook for the state… Link to Story
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Municipal Bond Credit Report: Texas deep freeze impact lingers even as temperatures thaw
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: As Texas lawmakers launched investigations into the lethal power failures triggered by last week’s deep freeze, analysts dug deeper into the economic impact… Link to Story
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Municipal Bond Credit Report: U.S. Unemployment Claims Fell Sharply Last Week
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The jobs market appears to be returning to growth, with new applications for unemployment benefits falling to the lowest level since November amid other signs hiring is picking up… Link to Story
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Municipal Bond Credit Report: Boost to Household Income Primes U.S. Economy for Stronger Growth
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. household income jumped 10% in January as the government delivered stimulus payments to households and consumer spending rose 2.4%, priming the economy for a burst in growth this year… Link to Story