Municipal Bond Credit Report: New default for a twice-bankrupt Illinois senior living facility
Municipal Bond Credit Report: Holders of restructured bonds of the Clare Oaks senior living community in Illinois are giving the facility some breathing room and funds to support capital needs…
Municipal Bond Credit Report: Higher Interest Rates Hit Home Prices Again
Municipal Bond Credit Report: U.S. existing-home prices posted their biggest year-over-year decline in more than 11 years last month as rising interest rates continued to weigh on the housing market……
Municipal Bond Credit Report: Yellen Says More Bank Mergers Likely This Year
Municipal Bond Credit Report: Treasury Secretary Janet Yellen said more banks will probably seek to merge this year as higher interest rates and recent banking turmoil are making it more…
Municipal Bond Credit Report: Projected OPEB liability growth spurs Houston to create a trust fund
Municipal Bond Credit Report: Facing projections its unfunded liability for retired city worker benefits like health care would balloon to about $9 billion over 30 years, Houston last week created…
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
