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…
Municipal Bond Credit Report: U.S. Budget Deficit Widened to $1.935 Trillion in 12 Months Through April
Municipal Bond Credit Report: WASHINGTON—The budget deficit soared to a record $1.935 trillion in the 12 months through April as the U.S. ramped up spending and cut taxes to counter…
Municipal Bond Credit Report: Powell Says Washington Will Need to Spend More to Battle Downturn
Municipal Bond Credit Report: Federal Reserve Chairman Jerome Powell said Congress and the White House will need to spend more money to make sure policy makers’ quick initial response to…
Municipal Bond Credit Report: House Democrats unveil new $3 trillion coronavirus relief bill
Municipal Bond Credit Report: House Democrats released their latest bill Tuesday designed to blunt the coronavirus pandemic’s devastating effects on the economy and health-care system… Link to Story
Municipal Bond Credit Report: Arlington, Texas, grapples with lost revenue from closed venues
Municipal Bond Credit Report: Arlington, Texas, home of professional sports stadiums, amusement parks and a General Motors assembly plant that were all shut down by the coronavirus pandemic, expects to…
Municipal Bond Credit Report: Georgia state tax collections fell precipitously in April
Municipal Bond Credit Report: Georgia’s year-over-year state tax collections fell $1.03 billion in April, a reflection of the state’s “shelter in place” order and closure of non-essential businesses that began…
Municipal Bond Credit Report: Syracuse mall bonds downgraded after coronavirus-forced shutdown
Municipal Bond Credit Report: The well-documented struggles of retailers, compounded by the indefinite closure of New York retail businesses during the COVID-19 pandemic, pushed two rating agencies to downgrade revenue…
