S&P Global Ratings downgraded the bond rating for La Marque six notches to the non-investment grade level of BB-plus from A-plus, citing the Texas city’s “extremely rapid” financial deterioration… Link…
Some Illinois school districts face worsening credit pressure due to rising personnel and special education costs and slower home price growth in Illinois, leading to moderating property tax revenue-raising flexibility……
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 3.9 percent on October 17, up from 3.8 percent on October 7…Link to…
Municipal Bond Credit Report: Financial woes in La Marque, Texas, led to a two-notch downgrade of its issuer rating from Moody’s Ratings to A3 from A1… Link to Story
Municipal Bond Credit Report: Transportation Secretary Sean Duffy Monday warned that the government shutdown may lead to delayed or canceled flights, and said the funding for the Essential Air Service…
Municipal Bond Credit Report: Another Oklahoma utility tapped a reserve fund to help make a debt service payment for bonds sold in 2022 to finance extraordinary costs incurred during 2021’s…
Municipal Bond Credit Report: The aging of the Baby Boom generation will test municipal finances in a variety of ways. The generation, defined by the U.S. Census Bureau as comprising…
Municipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 3.8 percent on October 1, down from…
Municipal Bond Credit Report: After the school board threatened to declare bankruptcy, New Jersey adopted a budget on its behalf in early July. S&P lowered the district’s rating by two…
Municipal Bond Credit Report: S&P Global Ratings placed the issuer credit and revenue bond ratings for Flagler College, Florida, on CreditWatch Negative Friday and said it may withdraw the BBB-plus…
Municipal Bond Credit Report: Pennsylvania’s legislature failed to pass a budget by its June 30 deadline. It has failed to pass one since. The impasse, which is approaching three months,…
Municipal Bond Credit Report: The rocky restoration of a hotel in downtown Alexandria, Virginia is battling financial headwinds in the form of a default on senior level bond payments… Link…
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