Municipal Bond Credit Report: S&P Sees US Default Rate More Than Doubling in Shallow Recession
Municipal Bond Credit Report: The default rate for US companies will soar to 3.75% if the Federal Reserve’s fight against inflation only tips the economy into a shallow recession, according…
Municipal Bond Credit Report: California hospital board takes step toward Chapter 9 bankruptcy
Municipal Bond Credit Report: The board of a public hospital in California has voted to declare a fiscal emergency, a move that would allow it to declare Chapter 9 bankruptcy……
Municipal Bond Credit Report: Moody’s upgrades Chicago after city council passes budget
Municipal Bond Credit Report: Moody’s Investors Service raised Chicago to investment grade Tuesday, one day after the City Council passed Mayor Lori Lightfoot’s 2023 budget that sends extra funding to…
Municipal Bond Credit Report: Inflation takes bite of New York local governments’ sales tax increase
Municipal Bond Credit Report: Sales tax collections by local governments in New York increased 10.2% in the third quarter compared to the same period last year, according to State Comptroller…
Municipal Bond Credit Report: California voters made some credit positive choices, Moody’s says
Municipal Bond Credit Report: California voters received largely favorable reviews from Moody’s Investors Service for approving school-related ballot measures and the failure of a statewide measure that would have raised…
Municipal Bond Credit Report: Chester, Pennsylvania, files Chapter 9 bankruptcy petition
Municipal Bond Credit Report: Chester, Pennsylvania, has filed for Chapter 9 bankruptcy. The petition was filed Thursday in the United States Bankruptcy Court for the Eastern District of Pennsylvania. In…
Municipal Bond Credit Report: Travel sports destination hits bond trouble in first year of operation
Municipal Bond Credit Report: A nonprofit created to build a venue for a wide swath of youth and other participant sports in the Phoenix area has stumbled out of the…
Municipal Bond Credit Report: Florida’s bond-financed insurers solid after Hurricane Ian, state says
Municipal Bond Credit Report: Hurricane Ian gave Florida a deadly beating, but the insurance entities the state created for such eventualities remain in good shape, officials say… Link to Story
Municipal Bond Credit Report: Bankruptcy deal would protect bonds issued to fund wood pellet producer
Municipal Bond Credit Report: Bankruptcy proceedings for a municipal bond-financed wood pellet producer in South Carolina resulted in a deal that secures the bonds backing the project while giving it…
Municipal Bond Credit Report: Jobless Claims Remain Low in Tight U.S. Labor Market
Municipal Bond Credit Report: U.S. applications for unemployment benefits held nearly steady at a low level last week in the latest sign the labor market remains tight. .. Link to…
