Municipal Bond Credit Report: Tennessee reports revenues drop off nearly 40% in April
Municipal Bond Credit Report: Tennessee’s state revenue collections dropped $693.8 million in April for a year-over-year decline of 39.75%, according to Department of Finance and Administration Commissioner Butch Eley… Link…
Municipal Bond Credit Report: Coronavirus Lockdowns Trigger Rapid Drop in Retail Sales, Factory Output
Municipal Bond Credit Report: Consumers pulled back on spending and factories cut output at the fastest pace in decades as lockdowns to contain the coronavirus pandemic hit the U.S. economy……
Municipal Bond Credit Report: Industrial Production in U.S. Fell 11.2% in April
Municipal Bond Credit Report: U.S. industrial production posted the steepest one-month fall on record in April as efforts to control the coronavirus pandemic closed factories, sapped demand and froze global…
Municipal Bond Credit Report: Fed expects muni lending program up in few weeks, while issuers forge ahead
Municipal Bond Credit Report: Federal Reserve leadership said their municipal short-term lending program will be up and running in a matter of weeks, not months, while municipalities forge ahead and…
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…
