Municipal Bond Credit Report: Bond-financed Florida student housing complex files for bankruptcy
Municipal Bond Credit Report: The operator of a student housing complex built for University of Florida students fell into bankruptcy, the latest municipal-bond financed project in fiscal crisis amid the…
Municipal Bond Credit Report: Jobless claims move lower for sixth consecutive week
Municipal Bond Credit Report: Initial jobless claims fell to a seasonally adjusted 2.981 million in the week ended May 9, from the previous week’s upwardly revised level of 3.176 million,…
Municipal Bond Credit Report: New Jersey details financial strains from coronavirus
Municipal Bond Credit Report: New Jersey may be facing a more than $10 billion shortfall through the end of next fiscal year from the economic shockwave of the COVID-19 pandemic,…
Municipal Bond Credit Report: Economic Shock of Virus Hit Lower-Income Households Harder, Fed Finds
Municipal Bond Credit Report: The economic shock stemming from the coronavirus pandemic hit lower-income households first and immediately left them much worse off, according to a new survey from the…
Municipal Bond Credit Report: Nearly 3 Million Sought Jobless Benefits Last Week
Municipal Bond Credit Report: Nearly 3 million workers applied for unemployment benefits last week, bringing the total number of applications in two months of coronavirus-related disruptions to 36.5 million… Link…
Municipal Bond Credit Report: States Were Prudent; Here’s Why They Need a Bailout Anyway
Municipal Bond Credit Report: The debate over the next federal stimulus package is taking on the trappings of a morality play, pitting Democrats who want $1 trillion in aid for…
Municipal Bond Credit Report: Survey – Coronavirus to Cause 17% Unemployment in June
Municipal Bond Credit Report: U.S. unemployment is expected to hit 17% in June as the economy contracts due to efforts to contain the coronavirus pandemic, economists predicted, and the economy…
Municipal Bond Credit Report: Las Vegas takes ratings hit as coronavirus keeps tourists away
Municipal Bond Credit Report: Citing its dependence on tourism, Fitch Ratings downgraded Las Vegas AA-minus from AA Monday and revised its rating outlook to negative… Link to Story
Municipal Bond Credit Report: New Jersey City University dropped to near junk status by Fitch ahead of sale
Municipal Bond Credit Report: Declining state support and COVID-19-related funding pressures triggered a second downgrade to New Jersey City University in advance of a $52 million borrowing… Link to Story
Municipal Bond Credit Report: Rainy day funds alone won’t bail out states from coronavirus economic woes
Municipal Bond Credit Report: Seventeen states have already begun drawing down their rainy day funds or fiscal reserves to deal with the coronavirus health crisis, according to the National Conference…
