Municipal Bond Credit Report: Already under strain from the financial weight of sexual misconduct claims, the Catholic Archdiocese of Chicago took a three-notch downgrade from Moody’s Investors Service reflecting the…
Municipal Bond Credit Report: Seton Hall University plans to sell $103 million of bonds as it grapples with near-term fiscal challenges that triggered a rating downgrade… Link to Story
Municipal Bond Credit Report: Nevada registered the highest unemployment rate in the U.S. last month at 28.2%, the Labor Department said Friday in a report detailing the impact of the…
Municipal Bond Credit Report: Senate Majority Leader Mitch McConnell said Wednesday that the next coronavirus bill would not extend beefed up unemployment insurance enacted as the pandemic ravaged the U.S.…
Municipal Bond Credit Report: The financially strapped city of Fairfield filed for bankruptcy Tuesday, citing millions of dollars in debt… Link to Story
Municipal Bond Credit Report: Already struggling under the weight of burdensome pension tabs, Illinois and many of its local governments face even more damaging wounds from the COVID-19 pandemic, raising…
Municipal Bond Credit Report: Illinois’ fiscal 2021 budget may rely on borrowing billions through the Federal Reserve’s short-term borrowing program if separate direct funding help from the federal government that…
Municipal Bond Credit Report: Workers filed an additional 2.4 million unemployment claims last week, a slight drop-off from previous weeks in the wave of historically high filings since the economic…
Municipal Bond Credit Report: Illinois may use the Federal Reserve’s Municipal Liquidity Facility for its $1.2 billion sale of one-year certificates to help manage a fiscal 2020 budget hole caused…
Municipal Bond Credit Report: The Federal Reserve’s short-term municipal note program is “open today” to states and local governments struggling with financial woes during the pandemic, though it was reiterated…
Municipal Bond Credit Report: Reinstatement of advance refundings could be a relatively low-cost addition to the $3 trillion House-passed HEROES Act as congressional Democrats negotiate changes with Senate Republicans and…
Municipal Bond Credit Report: Federal Reserve Chairman Jerome Powell said the central bank is prepared to use its full range of tools and leave the benchmark lending rate near zero…
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