Municipal Bond Credit Report: South Carolina nuclear lawsuit could lead to downgrades
Municipal Bond Credit Report: Litigation potentially undermining Santee Cooper’s ability to recover costs for the shelved V.C. Summer nuclear reactor project could drive downgrades of the South Carolina-owned public utility’s…
Municipal Bond Credit Report: How shoring up California school pensions puts budget pressure on districts
Municipal Bond Credit Report: Pension policy decisions made to improve funding levels are putting financial pressure on school districts around California… Link to Story
Municipal Bond Credit Report: Funding remains big question for New Jersey pensions after discount rate tinkering
Municipal Bond Credit Report: When and if New Jersey actually funds its pension system on an actuarial basis is a more important question than what the system’s investment assumptions are,…
Municipal Bond Credit Report: How Michigan cities can escape property tax constraints
Municipal Bond Credit Report: Local option revenue streams can help Michigan cities become less dependent on property taxes, according to a report from the Citizens Research Council of Michigan… Link…
Municipal Bond Credit Report: Revenue drop could drive Guam ratings further into junk territory
Municipal Bond Credit Report: S&P Global Ratings placed Guam’s already junk-rated long- and short-term debt on credit watch negative citing cash flow problems stemming from the federal tax bill… Link…
Municipal Bond Credit Report: New CalPERS repayment schedule brings some ‘difficult budget adjustments’
A plan by California’s largest pension fund to shorten its amortization period is credit positive for the state government and participating local governments, though it could mean untenable budget strain…
Municipal Bond Credit Report: Public safety pension funding strains abound for local Illinois communities
Municipal Bond Credit Report: The weak status of most downstate Illinois and suburban Chicago public safety pension funds strain local governments statewide and pose a threat to credit quality, S&P…
Municipal Bond Credit Report: California’s public pension crisis in a nutshell
Municipal Bond Credit Report: The essence of California’s pension crisis was on display last week when the California Public Employees Retirement System made a relatively small change in its amortization…
Municipal Bond Credit Report: Unfunded liabilities on the rise for Chicago area pension funds
Municipal Bond Credit Report: Stronger investment returns in 2016 couldn’t stave off growth in the unfunded liabilities for most of the 11 local government pension funds tracked annually by a…
Municipal Bond Credit Report: How a bungled prosecution will put Nassau County deeper in debt
Municipal Bond Credit Report: Nassau County, N.Y., will issue bonds to partially fund a $46 million court judgment owed to two men who were exonerated for a 1985 murder conviction……
