Municipal Bond Credit Report: Illinois Institute of Technology falls to junk on operating strains
Municipal Bond Credit Report: Chicago-based Illinois Institute of Technology lost its investment grade rating over rapidly escalating operating deficits that are expected to persist through at least 2024, governance practices,…
Municipal Bond Credit Report: Fitch removes Reedy Creek bonds from negative watch; outlook now stable
Municipal Bond Credit Report: Fitch Ratings Thursday removed the formerly Disney-controlled Reedy Creek Improvement District, Florida, from rating watch negative and assigned a stable rating outlook to its successor entity……
Municipal Bond Credit Report: New Jersey borough sues American Dream Mall for PILOT payments
Municipal Bond Credit Report: The municipality that is home to the American Dream mall in New Jersey is suing its operator, saying it failed to make agreed upon payments in…
Municipal Bond Credit Report: UnityPoint and Presbyterian Health eye union as sector strains persist
Municipal Bond Credit Report: Iowa-based UnityPoint Health and New Mexico-based Presbyterian Healthcare Services are exploring a merger that would create a system with $10 billion in revenues… Link to Story
Municipal Bond Credit Report: Management revolving door troubles a Cape Cod town’s finances
Municipal Bond Credit Report: Unsteady leadership has challenged the financial stability of Wellfleet, Massachusetts, according to a state review of the town’s financial management that was recently made public… Link…
Municipal Bond Credit Report: Trustee for Texas senior living bonds to fight bankruptcy exit plan
Municipal Bond Credit Report: A plan for the owner of a senior living community in Plano, Texas, to emerge from bankruptcy faces a creditor vote this month, a confirmation hearing…
Municipal Bond Credit Report: Jerome Powell Says Fed Is Prepared to Speed Up Interest-Rate Rises
Municipal Bond Credit Report: Federal Reserve Chair Jerome Powell said strong and sustained economic activity to start this year could prompt central bank officials to accelerate interest-rate increases and will…
Municipal Bond Credit Report: New Threat to Town, School District Budgets: Rising Rates
Municipal Bond Credit Report: Rising interest rates are squeezing cash-strapped towns and school systems that use short-term borrowing to keep cash flowing while they wait for property tax dollars to…
Municipal Bond Credit Report: Bond refinancing for troubled Arizona sports venue is spurned
Municipal Bond Credit Report: Problems are piling up for the nonprofit developer of a massive Arizona participant sports venue as its plan to refinance defaulted bonds was rejected by bondholders……
Municipal Bond Credit Report: Chicago voters deny Mayor Lori Lightfoot a second term
Municipal Bond Credit Report: Chicago voters will choose between Paul Vallas, a former city budget director and Chicago Public Schools chief, and Cook County Board Commissioner Brandon Johnson to replace…
