Municipal Bond Credit Report: New Jersey governor willing to accept Fed’s offer to buy municipal debt
Municipal Bond Credit Report: New Jersey Gov. Phil Murphy wants to take advantage of the Fed’s new powers to purchase municipal debt… Link to Story
Municipal Bond Credit Report: Michigan, Pennsylvania, Wisconsin warn of $14 billion coronavirus hit
Municipal Bond Credit Report: The governors of Michigan, Pennsylvania, and Wisconsin warned of $14 billion in collective tax losses due to the COVID-19 economic shutdown in a letter Thursday pressing…
Municipal Bond Credit Report: Coronavirus threatens Detroit’s independence from state oversight
Municipal Bond Credit Report: With its independence from state oversight at stake, Detroit Mayor Mike Duggan is proposing to manage a $348 million COVID-19-driven revenue hit by dipping into reserves…
Municipal Bond Credit Report: The US economy has erased nearly all the job gains since the financial crisis
Municipal Bond Credit Report: It took only four weeks for the U.S. economy to wipe out nearly all the job gains in the last 11 years… Link to Story
Municipal Bond Credit Report: U.S. weekly jobless claims highlight economic carnage from coronavirus
Municipal Bond Credit Report: A record 22 million Americans have sought unemployment benefits over the past month, with millions more filing claims last week, underscoring the deepening economic slump caused…
Municipal Bond Credit Report: Banks brace for big loan defaults by US, global customers
Municipal Bond Credit Report: The major banks in the U.S. are anticipating a flood of loan defaults as households and business customers take a big financial hit from the coronavirus…
Municipal Bond Credit Report: The economic data is even worse than Wall Street feared: ‘The economy is clearly in ruins here’
Municipal Bond Credit Report: Consumer and manufacturing reports for March showed the hit to the economy from the coronavirus was even swifter and deeper in the early weeks of the…
Municipal Bond Credit Report: Empty airports and bridges bring Port Authority a negative outlook
Municipal Bond Credit Report: Declining volume across the Port Authority of New York and New Jersey’s transportation assets brought the bi-state agency a negative rating outlook… Link to Story
Municipal Bond Credit Report: Coronavirus brings New Jersey a negative outlook from Moody’s
Municipal Bond Credit Report: New Jersey’s rating outlook was revised to negative from stable Monday by Moody’s Investors Service, which affirmed its A3 rating on the state’s GO debt… Link…
Municipal Bond Credit Report: Coronavirus pressures trigger another negative outlook for New York State
Municipal Bond Credit Report: New York State, which faces major financial uncertainty amid the ongoing COVID-19 pandemic, received its second credit hit in nine days Friday when Fitch Ratings revised…
