Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Oil industry will weigh on North Dakota’s oil-dependent cities into 2021
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Heading into the New Year, weak oil prices and production declines will continue to strain several North Dakota cities dependent on oil-related revenue… Link to Story
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Municipal Bond Credit Report: Harvey, Illinois, released from water receivership
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Harvey, Illinois, will exit water receivership oversight at the close of 2020 in a court-approved action the city says could help its pursuit of a debt restructuring… Link to Story
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Municipal Bond Credit Report: U.S. Unemployment Claims Fell Modestly Last Week
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New applications for unemployment assistance fell last week, a sign of modest improvement during a holiday period clouded with uncertainty around impending changes to benefit payments… Link to Story
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Municipal Bond Credit Report: Illinois pockets $2 billion Fed Municipal Liquidity Facility loan
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois closed Thursday on its $2 billion borrowing from the Federal Reserve’s Municipal Liquidity Facility using the cash to pay down its growing bill backlog… Link to Story
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Municipal Bond Credit Report: U.S. Home Sales Declined in November After Five Monthly Gains
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Homes sales slipped in November as the supply of properties for sale fell to a new low, the latest sign strong economic momentum in the middle of the year is easing in 2020’s final months… Link to Story
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Municipal Bond Credit Report: Consumer Confidence Fell in December
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. consumers’ outlook on the economy darkened this month as coronavirus cases climbed nationwide and local governments imposed new restrictions, according to survey data released Tuesday… Link to Story
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Municipal Bond Credit Report: Manufacturing, Mining Drive November Increase in Industrial Production
Categories: Municipal Bond Credit Report2.Municipal Bond Credit Report: A seventh straight month of manufacturing gains helped drive a November rise in U.S. industrial production as the nation’s auto and parts plants increased output… Link to Story
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Municipal Bond Credit Report: U.S. Retail Sales Fell 1.1% in November
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. retail sales declined by 1.1% in November, the first drop in seven months as consumers pulled back during the holiday season… Link to Story
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Municipal Bond Credit Report: Illinois unfunded pension burden hits new peak of $141 billion
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois piled nearly $4 billion onto its unfunded pension liabilities in fiscal 2020 as statutorily based payments fell well short of actuarial requirements and amid lackluster investment returns dampened by the COVID-19 pandemic… Link to Story
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Municipal Bond Credit Report: Illinois stadium agency eyes debt restructuring amid hotel tax collapse
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Illinois Sports Facilities Authority is sounding alarms over its dismal fiscal picture heading into fiscal 2022 in the absence of a strong economic recovery that fuels a big pickup in hotel tax revenues or a debt restructuring to eases near-term pressures… Link to Story