Municipal Bond Credit Report: New Jersey gets closer to moving state assets to pensions
Municipal Bond Credit Report: New Jersey Gov. Phil Murphy’s administration took the first step toward leveraging state assets to tackle its steep pension burden…. Link to Story
Municipal Bond Credit Report: Michigan State wraps up settlement bonds amid continued scandal challenges
Municipal Bond Credit Report: Michigan State University had plenty of buyers for a bond issue that in part will finance a legal settlement for the Larry Nassar sexual abuse cases.…
Municipal Bond Credit Report: Methodology shift may bring upgrades to California redevelopment bonds
Municipal Bond Credit Report: LOS ANGELES — About $1 billion in California redevelopment agency debt is under review for possible upgrade after Moody’s Investors Service changed its rating methodology. Moody’s…
Municipal Bond Credit Report: Detroit’s fiscal progress lands it an S&P upgrade
Municipal Bond Credit Report: Detroit received an S&P Global Ratings upgrade to BB-minus from B-plus Thursday in recognition of its stabilizing fiscal picture. The upgrade which still leaves the city…
Municipal Bond Credit Report: South Carolina takes another step toward selling Santee Cooper
Municipal Bond Credit Report: South Carolina lawmakers will dig deeper into selling state-owned Santee Cooper after receiving a report indicating high interest from companies willing to lower electricity rates and…
Municipal Bond Credit Report: Fund balance and tax base growth mean upgrade for Newark, N.J.
Municipal Bond Credit Report: Moody’s Investors Service upgraded Newark to Baa2 from Baa3 Monday, with a positive outlook, ahead of a $51.1 million general obligation bond competitive sale slated for…
Municipal Bond Credit Report: Sacramento schools take a multi-notch ratings hit from two agencies
Municipal Bond Credit Report: Sacramento City Unified School District’s budget crisis has resulted in multi-notch downgrades from two rating agencies. Moody’s downgraded the school district’s ratings two notches to A2…
Municipal Bond Credit Report: Rating agency warning about a Detroit authority’s debt
Municipal Bond Credit Report: The risk of default is more elevated for junk-rated Detroit Local Development Finance Authority’s subordinate lien tax increment financing bonds issued in 1997 to finance costs…
Municipal Bond Credit Report: Structural balance lifts Jamestown, N.Y. away from junk
Municipal Bond Credit Report: Moody’s Investors Service upgraded Jamestown’s issuer and general obligation limited tax obligation ratings to Baa3 from Ba1 Wednesday citing modest budgetary improvements while facing limitations on…
Municipal Bond Credit Report: Hawaii officials forsee investor demand for $500 million GO deal
Municipal Bond Credit Report: Hawaii plans to price $550 million in general obligation bonds next week. The Hawaii finance team doesn’t expect the market’s volatility to hamper buyer interest…. Link…
