Municipal Bond Credit Report: Moody’s Investors Service has placed the B3 general obligation (GO) rating of the Chicago Board of Education, IL (CPS) under review for possible downgrade… Link to…
Municipal Bond Credit Report: Illinois’ historic two-year-old budget logjam broke Thursday with the House’s successful override of Gov. Bruce Rauner’s veto of a $36 billion spending package that includes a…
Municipal Bond Credit Report: Chicago Public Schools on Friday paid off about two-thirds of a massive bill owed to the city’s teacher pension fund with help from more than $380…
Municipal Bond Credit Report: The Puerto Rico power utility PREPA, ladden with a $9 billion debt load, has filed for a form of bankruptcy, Puerto Rico’s primary fiscal agent said…
Municipal Bond Credit Report: Government defaults have increased in frequency and size in recent years, heralding a “new normal” for the municipal market, according to a report from Moody’s Investors…
Municipal Bond Credit Report: S&P Global Ratings on Monday delivered a two-notch downgrade to National Public Finance Guarantee Corp., and affirmed its AA ratings on both Build America Mutual, which…
Municipal Bond Credit Report: There was late word Friday night that Dallas County Schools has now made payments on debts it defaulted on two weeks ago… Link to Story
Municipal Bond Credit Report: Georgia’s public power and investor-owned utilities reached a milestone agreement with Japan’s Toshiba Corp. in the bankruptcy case of the contractor building nuclear reactors for them……
Municipal Bond Credit Report: Two out of every three states in America took in less tax revenue than expected this year, the worst performance since the depths of the recession,…
Municipal Bond Credit Report: The Treasury Department is recommending that high-grade municipal securities be included as high quality liquid assets under federal banking rules, a stance that state and local…
Municipal Bond Credit Report: A 93-year-old Florida resident is joining his neighbors contesting a bond financing plan proposed by the community development districts overseeing their retirement community… Link to Story
Municipal Bond Credit Report: Treasury’s review of the regulatory framework for the depository sector has identified significant areas for reform in order to conform to the Core Principles. The review…
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