Municipal Bond Credit Research: Illinois is tops in unfunded state and local pension liabilities per capita
Municipal Bond Credit Research Report: Illinois led the nation with nearly $16,000 per capita in unfunded state and local pension liabilities at the end of fiscal year 2024, while Connecticut…
Municipal Bond Credit Research: Long-troubled Chicago suburb makes a formal distress declaration
Municipal Bond Credit Research Report: The city council of Harvey, Illinois, voted to declare the long-troubled city distressed in a bid for state oversight, as Mayor Christopher J. Clark warned…
Municipal Bond Credit Research: Inflation Edges Up, But Less Than Expected, to 3% Rate
Municipal Bond Credit Research Report: Annual inflation heated up slightly in September, but not as much as economists expected, giving the Federal Reserve a clear path for widely expected rate…
Municipal Bond Credit Report: La Marque, Texas, rating downgraded to junk by S&P
S&P Global Ratings downgraded the bond rating for La Marque six notches to the non-investment grade level of BB-plus from A-plus, citing the Texas city’s “extremely rapid” financial deterioration… Link…
Municipal Bond Credit Report: Some Illinois school districts face worsening credit pressure
Some Illinois school districts face worsening credit pressure due to rising personnel and special education costs and slower home price growth in Illinois, leading to moderating property tax revenue-raising flexibility……
Municipal Bond Credit Report: GDPNow – Latest estimate: 3.9 percent — October 17, 2025
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 3.9 percent on October 17, up from 3.8 percent on October 7…Link to…
Municipal Bond Credit Report: Moody’s downgrades fiscally troubled La Marque, Texas
Municipal Bond Credit Report: Financial woes in La Marque, Texas, led to a two-notch downgrade of its issuer rating from Moody’s Ratings to A3 from A1… Link to Story
Municipal Bond Credit Report: Shutdown could mean delays, funding cuts for small, rural airports
Municipal Bond Credit Report: Transportation Secretary Sean Duffy Monday warned that the government shutdown may lead to delayed or canceled flights, and said the funding for the Essential Air Service…
Municipal Bond Credit Report: Oklahoma utility taps reserve for debt service payment
Municipal Bond Credit Report: Another Oklahoma utility tapped a reserve fund to help make a debt service payment for bonds sold in 2022 to finance extraordinary costs incurred during 2021’s…
Municipal Bond Credit Report: Municipal finance impact of Baby Boomers’ aging will accelerate
Municipal Bond Credit Report: The aging of the Baby Boom generation will test municipal finances in a variety of ways. The generation, defined by the U.S. Census Bureau as comprising…
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About FIRVA Capital Management
We sell Municipal and Corporate issuer credit risk research. We also manage two partner seeded private funds for information purposes using our research; a liquidity fund and a multi-asset fund.
Services include
- Municipal Credit Risk Research
- Corporate Credit Risk Research
- Advisory and Consulting Services
- Fixed Income Workstation
- Issuer Credit Risk Reports
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