Municipal Bond Credit Report: Chicago receives S&P downgrade to BBB
Municipal Bond Credit Report: S&P Global Ratings downgraded Chicago’s general obligation debt to BBB from BBB-plus Tuesday, saying the city’s 2025 budget fails to address a persistent structural imbalance… Link…
Municipal Bond Credit Report: Amid payment disputes by tobacco giants, Ohio makes reserve draw
Municipal Bond Credit Report: Less than five years after Ohio restructured the credit to avoid a default, the Buckeye Tobacco Settlement Financing Authority needed a debt service reserve draw to…
Municipal Bond Credit Report: L.A. fire loss estimated at $20 billion in early figures
Municipal Bond Credit Report: As Los Angeles battles wildfires, Mayor Karen Bass is being criticized for the roughly $17 million in cuts made to the Los Angeles Fire Department’s budget……
Municipal Bond Credit Report: Proton facilities default on payments
Municipal Bond Credit Report: The new year rang in fresh signs of distress at a pair of long-struggling cancer treatment centers in Maryland and Arkansas financed with bonds through Wisconsin’s…
Municipal Bond Credit Report: GDPNow – Latest estimate: 2.4 percent — January 03, 2025
Municipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 2.4 percent on January 3, down from…
Municipal Bond Credit Report: Wood pellets burn Enviva muni bondholders in bankruptcy
Municipal Bond Credit Report: Enviva, Inc. is the latest corporate bankruptcy to give a massive haircut to holders of municipal private activity bonds issued to fund green technology projects… Link…
Municipal Bond Credit Report: Colorado metro district technical defaults accelerate
Municipal Bond Credit Report: A flurry of first time and repeated technical bond defaults by Colorado metropolitan districts in December is raising concerns about the debt, which finances public infrastructure…
Municipal Bond Credit Report: New Georgia property tax limits may strain school districts and counties
Municipal Bond Credit Report: Property tax limits embedded in a new Georgia law and constitutional amendment may financially squeeze school districts, city governments and county governments over time, analysts say……
Municipal Bond Credit Report: Michigan township hack spells bigger cybersecurity troubles for munis
Municipal Bond Credit Report: A recent hack of a Michigan township should spur the public finance industry to better understand and prepare for cybersecurity threats as hackers become more sophisticated.…
Municipal Bond Credit Report: Florida bond fight continues three years after debt was validated
Municipal Bond Credit Report: A Florida agency that offers PACE financing to property owners is at the center of a legal dispute that it says could catastrophically undermine the finality…
