Municipal Bond Credit Report: Bond Downgrades Begin Amid Coronavirus Slowdown
Municipal Bond Credit Report: Credit-ratings firms have issued a wave of downgrades for corporate and government bonds as they reassess the ability of borrowers to repay their obligations amid the…
Municipal Bond Credit Report: New York MTA lays down a marker with call for federal rescue
Municipal Bond Credit Report: When New York’s Metropolitan Transportation Authority confirmed it would tap $1 billion of its commercial bank credit on Friday, Chairman Patrick Foye called the COVID-19 crisis…
Municipal Bond Credit Report: Texas cuts red tape for issuers amid pandemic uncertainty
Municipal Bond Credit Report: Texas Gov. Greg Abbott’s partial suspension of the Open Meetings Law has allowed the bond industry to proceed with upcoming issues, though many have been sidelined…
Municipal Bond Credit Report: Amid COVID-19 downturn, Florida will proceed with record spending plan
Municipal Bond Credit Report: As Florida lawmakers prepare to vote on the state’s record $93.2 billion budget, losses because of the novel coronavirus have already begun mounting for industries that…
Municipal Bond Credit Report: UCLA Anderson Forecast says country has entered a recession; downturn will hit Calif. hardest
Municipal Bond Credit Report: The UCLA Anderson Forecast economists announced Monday the country has entered a recession, and it’s expected to be more severe in California than nationally… Link to…
Municipal Bond Credit Report: New York MTA requests $4 billion federal bailout
Municipal Bond Credit Report: New York’s Metropolitan Transportation Authority, the nation’s largest mass-transit system and one of the largest issuers of municipal debt, has asked the federal government for a…
Municipal Bond Credit Report: Federal Reserve backstops muni bond market as coronavirus hammers cash-strapped states and cities
Municipal Bond Credit Report: The Federal Reserve capped off an unprecedented week of action Friday by extending a lifeline to cash-strapped state and local governments that are about to borrow…
Municipal Bond Credit Report: Oil price collapse a gut punch for producing states
Municipal Bond Credit Report: With oil prices plummeting, energy-producing states of the Southwest face another economic rollercoaster less than six years after the last collapse… Link to Story
Municipal Bond Credit Report: Oil imperils eight state economies, S&P says
Municipal Bond Credit Report: The collapse of oil prices will inflict “considerable strain” on the economies of oil-producing states, according to S&P Global Ratings, though no outlook changes are in…
Municipal Bond Credit Report: Virus further strains New York Health + Hospitals finances
Municipal Bond Credit Report: Officials from New York City Health + Hospitals are examining the effects of COVID-19 preparation on its already strained bottom line… Link to Story
