Municipal Bond Credit Report: Weaker-than-expected performance brings downgrade to a university in Missouri
Municipal Bond Credit Report: Webster University was dealt a two-notch downgrade by Moody’s Investors Service on Monday over the schools weaker-than-expected financial performance and low debt service coverage that is…
Municipal Bond Credit Report: Municipal issuance expected to decline next year, SIFMA survey finds
Municipal Bond Credit Report: WASHINGTON – Municipal issuance is expected to drop for a second-straight year in 2019, falling about 5.4% from this year’s level, according to the 2019 SIFMA…
Municipal Bond Credit Report: Snow doesn’t stop post office, but it stopped a bond payment
Municipal Bond Credit Report: A school district in upstate New York missed a bond payment last month because of a snow day. The Hartford Central School District said in a…
Municipal Bond Credit Report: Virgin Islands power authority averts default
Municipal Bond Credit Report: The U.S. Virgin Islands Water and Power Authority succeeded in refinancing two notes that had been due in the last two weeks, sidestepping default. The authority…
Municipal Bond Credit Report: South Carolina capital sets a precedent with green bond deal
Municipal Bond Credit Report: Columbia, South Carolina, successfully tested the waters in issuing its first green bond deal. The city Dec. 6 priced $38 million of stormwater revenue bonds certified…
Municipal Bond Credit Report: County steps in to buy two of bankrupt California chain’s six hospitals
Municipal Bond Credit Report: A bankrupt California hospital system has agreed to sell two of its six hospitals to Santa Clara County. Verity Health System filed for Chapter 11 bankruptcy…
Municipal Bond Credit Report: Victorville, Calif., agency rides default cure to ratings boost
Municipal Bond Credit Report: The Southern California Logistics Airport Authority saw $96 million in tax allocation revenue bonds upgraded by Moody’s Investors Service after it cured nearly a decade of…
Municipal Bond Credit Report: Cash flow, flexibility concerns send an Indiana hospital to junk
Municipal Bond Credit Report: Good Samaritan Hospital of Vincennes, Indiana, lost its investment grade rating from Moody’s Investors Service over its cash flow challenges and growing expenses. The rating agency…
Municipal Bond Credit Report: Georgia’s MEAG to issue bonds for non-nuclear projects
Municipal Bond Credit Report: The Municipal Electric Authority of Georgia plans to issue $245 million of tax exempt bonds for projects unrelated to the agency’s troubled nuclear reactor construction project.…
Municipal Bond Credit Report: Unrated Texas deal will be largest for charter schools
Municipal Bond Credit Report: DALLAS – A Texas charter school operator plans to price what industry participants say will be the largest-ever deal for charter schools on Tuesday. International Leadership…
