Municipal Bond Credit Report: 2016 Municipal Trading Volume Hits Record
Municipal Bond Credit Report: Municipal bond volume reached an all-time high in 2016, driven by refundings in the middle of the year, as issuers looked to take advantage of low…
Municipal Bond Credit Report: Calpers Lowers Return Assumption
Municipal Bond Credit Report: The board of California’s state public pension system, Calpers, voted Wednesday to lower expectations for future investment returns, a step that will increase pressure on the…
Municipal Bond Credit Report: US Charges 3 in NY Pension Pay-To-Play
Municipal Bond Credit Report: A former portfolio manager who was responsible for investing $53 billion in New York State employee retirement funds took over $100,000 in bribes in exchange for…
Municipal Bond Credit Report: California Drivers Pay Up Due to Highway Patrol Pension
Municipal Bond Credit Report: It was a deal that wasn’t supposed to cost taxpayers an extra dime. Now the state’s annual tab is in the billions, and the cost keeps…
Municipal Bond Credit Report: WSJ Reports Calper's Annual Return Target of 7.5% is too High
Municipal Bond Credit Report: Top officers of the largest U.S. pension fund want to lower their investment targets, a move that would trigger more pain for cash-strapped cities across California…
Municipal Bond Credit Report: Texas Expects Lower Issuance for Second Straight Year
Municipal Bond Credit Report: Debt issuance from Texas state government is expected to fall about 25% in the current fiscal year compared to the previous year, according to the Texas…
Municipal Bond Credit Report: Hartford Arena Quandary Confronts Connecticut
Municipal Bond Credit Report: The prospect of a state government that bleeds red ink backstopping an arena that does likewise could prompt a battle royal in Connecticut…. Link to Story
Municipal Bond Credit Report: Moody's Downgrades Dallas to A1 over Pension Fund Concerns
Municipal Bond Credit Report: Moody’s downgrades Dallas over pension fund concerns 1 notch to A1. They have also kept it on negative watch. Only 14 months ago, they rated the…
Municipal Bond Credit Report: Junk-rated Chicago Schools Issue Bonds Solely by Property Tax and Not by the District's General Obligation Pledge
Municipal Bond Credit Report: Ratings for the new bonds, backed by a $45 million a year property tax levy approved by the Chicago City Council in 2015, were not available.…
Municipal Bond Credit Report: Dallas Police and Fire Pension Board Halts Lump Sum Withdrawals
Municipal Bond Credit Report: The Dallas Police and Fire Pension System’s Board of Trustees suspended lump-sum withdrawals from the pension fund Thursday, staving off a possible restraining order and stopping…
