Municipal Bond Credit Report: City streets back new bonds California cities issue to fund pensions
Municipal Bond Credit Report: Some California cities have shifted to issuing lease revenue bonds to pay down unfunded pension liabilities instead of using the more familiar pension obligation bond structure……
Municipal Bond Credit Report: States facing rating downgrades, budget cuts as Washington dithers
Municipal Bond Credit Report: States are accelerating budget cuts as the Trump administration and Congress appear nowhere near a deal to provide additional federal aid… Link to Story
Municipal Bond Credit Report: Fed Unanimously Approves Shift on Inflation Goal, Ushering in Longer Era of Low Rates
Municipal Bond Credit Report: The Federal Reserve unanimously approved on Thursday a new strategy that will effectively set aside a practice it has followed for more than three decades to…
Municipal Bond Credit Report: Unemployment Claims Remain Historically High
Municipal Bond Credit Report: Unemployment claims fell slightly last week but remained historically high, signaling layoffs continue as the coronavirus continues to hamper the economic recovery… Link to Story
Municipal Bond Credit Report: Chicago weighs unfunded infrastructure and water line replacement needs
Municipal Bond Credit Report: Chicago needs $2.7 billion to fully fund its five-year infrastructure maintenance needs and may need another $8 billion to $10 billion to replace the water enterprise…
Municipal Bond Credit Report: Hit hard by coronavirus, airports look to the future
Municipal Bond Credit Report: Airport executives are looking hopefully for future federal investment as they suffer serious revenue declines due to the coronavirus pandemic… Link to Story
Municipal Bond Credit Report: U.S. Economic Recovery Gains Steam While Others Stutter
Municipal Bond Credit Report: The U.S. economy picked up momentum this month as companies shook off the effects of the pandemic-induced downturn, though recoveries in other parts of the world…
Municipal Bond Credit Report: New York City Faces Toughest Fiscal Crisis Since the 1970s
Municipal Bond Credit Report: New York City faces a $9 billion deficit over the next two years, high levels of unemployment and the prospect of laying off 22,000 government workers…
Municipal Bond Credit Report: Trend or outlier? Reactions as New York MTA taps Fed program
Municipal Bond Credit Report: After the New York Metropolitan Transportation Authority rejected bids on $450.7 million of notes Tuesday and instead sold them to the Federal Reserve Bank, sources pondered…
Municipal Bond Credit Report: Chicago Public Schools’ fiscal prospects hinge on state and feds
Municipal Bond Credit Report: The Chicago Board of Education votes next week on an $8.4 billion budget as the district tries to navigate the COVID-19 pandemic’s toll on academics and…
