Municipal Bond Credit Report: Illinois senior living community files Chapter 11 bankruptcy, seeks sale
Municipal Bond Credit Report: Illinois’ largest senior living retirement community has turned to bankruptcy court to manage an auction and sale process that will impact recovery rates for holders of…
Municipal Bond Credit Report: I-95 collapse in Philly not expected to carry credit implications
Municipal Bond Credit Report: Federal officials have pledged resources to help Pennsylvania rebuild a busy section of Interstate 95 through Philadelphia that collapsed Sunday after a tanker truck caught fire……
Municipal Bond Credit Report: Fed Holds Rates Steady but Expects More Increases
Municipal Bond Credit Report: Federal Reserve officials agreed to hold interest rates steady after 10 consecutive increases but signaled they were prepared to raise rates next month if the economy…
Municipal Bond Credit Report: Enrollment drop spurs negative outlook on Oregon university’s bonds
Municipal Bond Credit Report: Struggling with declining enrollment, Oregon’s Portland State University had its outlook revised to negative by Moody’s Investors Service, affecting $193 million of outstanding debt… Link to…
Municipal Bond Credit Report: Downgrade to Bay Area’s BART underscores pressure on California transit
Municipal Bond Credit Report: The San Francisco Bay Area Rapid Transit District, facing continued steep pandemic-driven ridership declines, received a two-notch downgrade on its general obligation bonds from S&P Global…
Municipal Bond Credit Report: Construction delays choke cash flow of New Jersey senior facility
Municipal Bond Credit Report: An assisted-living complex for low-income senior residents in southern New Jersey has been struggling to make timely monthly loan payments… Link to Story
Municipal Bond Credit Report: Chicago will seek pension answers over the summer
Municipal Bond Credit Report: Chicago’s new mayor, Brandon Johnson, is tasking a “working group” that includes his finance team and state legislative and labor representatives with finding long-term funding fixes…
Municipal Bond Credit Report: U.S. Labor Market Shows Resilience With Strong May Hiring
Municipal Bond Credit Report: Hiring surged this spring, the latest sign the U.S. economy maintains momentum in the face of rising interest rates and complicating the Federal Reserve’s decision over…
Municipal Bond Credit Report: Hospital budgets and balance sheets socked by inflation
Municipal Bond Credit Report: Chicago-based CommonSpirit Health’s third quarter financial results highlight the persistent strain inflation poses on not-for-profit hospital balance sheets, with cascading effects on borrowing plans and operational…
Municipal Bond Credit Report: California’s rating outlook revised to negative by Moody’s
Municipal Bond Credit Report: California’s rating outlook was revised to negative from stable Thursday by Moody’s Investors Service amid the state’s revenue uncertainty… Link to Story
