Municipal Bond Credit Report: Illinois finally releases its 2023 audited financials; challenges remain
Municipal Bond Credit Report: Illinois has finally released its 2023 Annual Comprehensive Financial Report, with Auditor General Frank Mautino saying the long delay was due largely to a $1.2 billion…
Municipal Bond Credit Report: American Dream Mall’s court victory a blow to bondholders
Municipal Bond Credit Report: The American Dream mega mall scored a victory in court last month: its property value assessment got cut in half…. Link to Story
Municipal Bond Credit Report: New pensions law puts Chicago in a bind
Municipal Bond Credit Report: Illinois Gov. JB Pritzker on Friday signed pension legislation that will put Chicago on the hook for an additional $60 million in its fiscal 2026 budget,…
Municipal Bond Credit Report: Brown University secures private loan after warning of financial pressure
Municipal Bond Credit Report: Brown University took out another private loan, securing a $500 million agreement after the Ivy League school warned of “deep financial challenges.”… Link to Story
Municipal Bond Credit Report: City Of Orange Facing Bankruptcy Without Major Changes, Study Warns
Municipal Bond Credit Report: Orange City Council members have been warned by their accounting consultants that the city could face bankruptcy in three years without significant changes. The warning came…
Municipal Bond Credit Report: Jefferson Parish loses its bond rating
Municipal Bond Credit Report: Jefferson Parish has lost its bond rating with major credit rating agencies… Link to Story
Municipal Bond Credit Report: GDPNow – Latest estimate: 2.4 percent — July 25, 2025
Municipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 2.4 percent on July 25, unchanged from…
Municipal Bond Credit Report: Sale of defunct New York college’s campus gets bondholders 50% return
Municipal Bond Credit Report: A group of local residents in upstate New York is planning to buy the shuttered Cazenovia College campus for $9.5 million — a sum that, when…
Municipal Bond Credit Report: Brightline investors on alert after company defers interest payment
Municipal Bond Credit Report: Veteran bondholders of Brightline Florida train bonds say they’re in wait-and-see mode while the company attempts to secure equity and possibly float new debt after it…
Municipal Bond Credit Report: State imposes tax hike to keep New Jersey school system out of bankruptcy
Municipal Bond Credit Report: A New Jersey school district will likely avoid filing for bankruptcy after the state passed a budget that raised property taxes… Link to Story
