Municipal Bond Credit Report: Coronavirus battering hospital balance sheets
Municipal Bond Credit Report: The COVID-19 pandemic amounted to a cumulative $1.44 billion daily revenue loss for hospitals between March and mid-April , according to reports from healthcare advocacy and…
Municipal Bond Credit Report: A record 20.5 million jobs were lost in April as unemployment rate jumps to 14.7%
Municipal Bond Credit Report: The impact of the coronavirus-induced economic shutdown tore through the U.S. labor market in April at historic levels, slashing 20.5 million workers from nonfarm payrolls and…
Municipal Bond Credit Report: April Unemployment Rate Rose to a Record 14.7%
Municipal Bond Credit Report: The April unemployment rate rose to a record 14.7% and payrolls dropped by an unprecedented 20.5 million as the coronavirus pandemic hit the economy… Link to…
Municipal Bond Credit Report: California Supreme Court hears case challenging pension reform law
Municipal Bond Credit Report: California Supreme Court justices peppered attorneys with questions during oral arguments Tuesday in a case that has the potential to upend precedent about how public pensions…
Municipal Bond Credit Report: Alaska bond ratings downgraded to A-plus by Fitch
Municipal Bond Credit Report: Alaska’s issuer default rating was downgraded to A-plus from AA-minus by Fitch Ratings Thursday, affecting nearly $2 billion in debt… Link to Story
Municipal Bond Credit Report: Coronavirus Brings California Mass Unemployment, Huge Budget Hole, Governor Says
Municipal Bond Credit Report: Unemployment in California will hit 18% this year and the state will grapple with a $54.3 billion hole in its budget caused by the coronavirus-induced recession,…
Municipal Bond Credit Report: House Democrats Close In on New Stimulus Proposal
Municipal Bond Credit Report: House Democrats are putting the finishing touches on their next legislative response to the coronavirus pandemic, a package that will propose another massive round of aid…
Municipal Bond Credit Report: Law Firms Gear Up for Expected Jump in Bankruptcies Triggered by Coronavirus
Municipal Bond Credit Report: The nation’s bankruptcy industry is bracing for a wave of business collapses triggered by the coronavirus pandemic as its ranks have been thinned by a decade…
Municipal Bond Credit Report: Fed’s Evans Hopeful for Second-Half Recovery, but Says a Lot Needs to Go Right
Municipal Bond Credit Report: Chicago Fed leader says rebound will depend on ‘the extent that policy makers, federal, state, local, are all better aligned on maintaining their own activities’.. Link…
Municipal Bond Credit Report: Report shows continued deterioration of Chicago-area local pensions
Municipal Bond Credit Report: Weak investment returns, assumption changes, and low contributions combined to drive up the cumulative tab of unfunded liabilities for 11 Chicago-area local government pension funds in…
