Municipal Bond Credit Report: Under New Deal, State Will Pay Off Hartford’s Debt
Municipal Bond Credit Report: Connecticut has agreed to pay off Hartford’s general obligation debt – about $550 million over the next two decades or so – as part of the…
Municipal Bond Credit Report: How Puerto Rico’s bankruptcy is roiling the municipal bond world
Municipal Bond Credit Report: Municipal participants say the ripple effects from the Puerto Rico bankruptcy have shaken investor confidence in lower-rated states and cities, legal promises, and credit ratings in…
Municipal Bond Credit Report: Guam feels the tremors from Puerto Rico
Municipal Bond Credit Report: Puerto Rico’s turbulent debt restructuring process is sending ripple effects through the market for other triple tax-exempt bonds issued by U.S. territories, causing rating agencies and…
Municipal Bond Credit Report: Illinois CAFR underscores state’s ballooning red ink
Municipal Bond Credit Report: Already awash in red ink, Illinois’ fiscal deterioration ramped up in fiscal 2017 as two years without a budget took its toll on the state’s books……
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…
