Municipal Bond Credit Report: Pennsylvania’s distressed cities program still easier to enter than leave
Municipal Bond Credit Report: Entering Pennsylvania’s workout program for distressed communities, known commonly as Act 47, remains a one-way ticket for most cities… Link to Story
Municipal Bond Credit Report: Why Mnuchin thinks changes to Dodd-Frank will pass soon
Municipal Bond Credit Report: U.S. Treasurer Steven Mnuchin thinks Congress could agree within two months on changes easing the Dodd-Frank regulations that were put in place following the 2008 banking…
Municipal Bond Credit Report: Public safety pension funds may flood Illinois with intercept requests
Municipal Bond Credit Report: Even as Harvey, Illinois, won a court order to release funds the state withheld to cover overdue pension debts, a second city has joined the ranks…
Municipal Bond Credit Report: CalPERS changes spur California city to plan pension obligation bond deal
Municipal Bond Credit Report: La Verne, California, is moving forward with plans to sell pension obligation bonds to deal with a nearly $50 million anticipated pension liability… Link to Story
Municipal Bond Credit Report: Georgia’s small city de-annexation bill raises red flags for the state’s municipalities
Municipal Bond Credit Report: Few municipalities can imagine losing half their corporate boundaries to an involuntary de-annexation, but that’s what may happen to the small city of Stockbridge, Georgia… Link…
Municipal Bond Credit Report: Banks, broker-dealers accused of widespread fraud and collusion over VRDO rate resets
Municipal Bond Credit Report: Eight Wall Street and regional banks and broker-dealers have been accused in a whistleblower suit of “widespread fraud and collusion” in connection with remarketing the variable-rate…
Municipal Bond Credit Report: Moody’s Raises Hartford’s Bond Rating After State Bailout
Municipal Bond Credit Report: The state’s agreement to pay off Hartford’s $550 million in general obligation debt has prompted a dramatic upgrade in the city’s bond rating and a shift…
Municipal Bond Credit Report: How two Ohio community colleges landed underlying junk ratings
Municipal Bond Credit Report: The underlying ratings of two Ohio community colleges were dropped to junk in a series of rating actions by Moody’s Investors Service… Link to Story
Municipal Bond Credit Report: Connecticut assumption of Hartford debt pays immediate dividend to city’s credit
Municipal Bond Credit Report: Connecticut’s deal to assume capital Hartford’s debt payments – up to $40 million annually stretched out over two decades — triggered an immediate boost to the…
Municipal Bond Credit Report: Future spending concerns drive downgrade of Philadelphia
Municipal Bond Credit Report: Long-term concerns about whether higher spending Philadelphia plans for its school district will be supported by new tax revenues joined pensions to drive its first downgrade…
