Municipal Bond Credit Report: Eight Wall Street and regional banks and broker-dealers have been accused in a whistleblower suit of “widespread fraud and collusion” in connection with remarketing the variable-rate…
Municipal Bond Credit Report: The state’s agreement to pay off Hartford’s $550 million in general obligation debt has prompted a dramatic upgrade in the city’s bond rating and a shift…
Municipal Bond Credit Report: The underlying ratings of two Ohio community colleges were dropped to junk in a series of rating actions by Moody’s Investors Service… Link to Story
Municipal Bond Credit Report: Connecticut’s deal to assume capital Hartford’s debt payments – up to $40 million annually stretched out over two decades — triggered an immediate boost to the…
Municipal Bond Credit Report: Long-term concerns about whether higher spending Philadelphia plans for its school district will be supported by new tax revenues joined pensions to drive its first downgrade…
Municipal Bond Credit Report: Connecticut has agreed to pay off Hartford’s general obligation debt – about $550 million over the next two decades or so – as part of the…
Municipal Bond Credit Report: Municipal participants say the ripple effects from the Puerto Rico bankruptcy have shaken investor confidence in lower-rated states and cities, legal promises, and credit ratings in…
Municipal Bond Credit Report: Puerto Rico’s turbulent debt restructuring process is sending ripple effects through the market for other triple tax-exempt bonds issued by U.S. territories, causing rating agencies and…
Municipal Bond Credit Report: Already awash in red ink, Illinois’ fiscal deterioration ramped up in fiscal 2017 as two years without a budget took its toll on the state’s books……
Municipal Bond Credit Report: Litigation potentially undermining Santee Cooper’s ability to recover costs for the shelved V.C. Summer nuclear reactor project could drive downgrades of the South Carolina-owned public utility’s…
Municipal Bond Credit Report: Pension policy decisions made to improve funding levels are putting financial pressure on school districts around California… Link to Story
Municipal Bond Credit Report: When and if New Jersey actually funds its pension system on an actuarial basis is a more important question than what the system’s investment assumptions are,…
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