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…
Municipal Bond Credit Report: Westminster approves $30 million in bonds for wastewater treatment plant
Municipal Bond Credit Report: Westminster, Md.’s Mayor and Common Council approved an ordinance on Monday, Jan. 28, allowing the city to take out almost $30 million in state loans for…
Municipal Bond Credit Report: Faculty strike underscores credit stress at Wright State University
Municipal Bond Credit Report: Ohio’s Wright State University is entering week two of a faculty strike. Moody’s Investors Service downgraded the school three notches to Baa2 last May and assigned…
Municipal Bond Credit Report: Savings promised in push to merge St. Louis city and county
Municipal Bond Credit Report: Sweeping fiscal changes may come to St. Louis, St. Louis County and its local municipalities if backers of a plan to merge the city and county…
Municipal Bond Credit Report: Near-certain default spurs downgrade of debt linked to fire-ravaged town
Municipal Bond Credit Report: With default seen as near certain, Moody’s Investors Service downgraded to Caa3 from B1 a pool of California pension obligation bonds of which the largest component…
Municipal Bond Credit Report: Small Vermont college closing after steep enrollment dip
Municipal Bond Credit Report: Tuition revenue pressures from a sharp enrollment drop led Vermont’s Green Mountain College to announce its closure after 183 years. The school in Poultney announced Wednesday…
