Municipal Bond Credit Report: Petition drive blocks debt for Texas hospital district
Municipal Bond Credit Report: A successful petition drive thwarted plans by the El Paso County Hospital District, Texas, to issue $345.7 million of certificates of obligation to finance expansion projects…
Municipal Bond Credit Report: Chicago targets pension funding with help from improved revenues
Municipal Bond Credit Report: Chicago’s proposed 2023 budget launches a new pension funding policy aimed at holding its net pension liabilities in check beginning with a supplemental $242 million payment…
Municipal Bond Credit Report: Hurricane Ian damages in Southeast estimated at $100B to $120B
Municipal Bond Credit Report: The damage and economic loss from Hurricane Ian could total between $100 billion and $120 billion, according to Dr. Joel Myers, AccuWeather’s founder and CEO… Link…
Municipal Bond Credit Report: Florida in solid financial condition as Ian recovery gets underway
Municipal Bond Credit Report: Florida is facing a massive cleanup effort that won’t be finished overnight, but the road to full recovery may be eased by the fact that the…
Municipal Bond Credit Report: New Jersey receives rating outlook lift from Moody’s
Municipal Bond Credit Report: Citing sustained progress on pension funding and debt reduction, Moody’s Investors Service Friday lifted its rating outlook on New Jersey to positive from stable, while affirming…
Municipal Bond Credit Report: Illinois police pension fund consolidation makes progress amid litigation
Municipal Bond Credit Report: The consolidation of Illinois’ suburban and downstate police pension fund assets has picked up speed since a May court ruling upholding the law’s constitutionality, but a…
Municipal Bond Credit Report: Bankruptcy court complicates suits over failed NFL facility in South Carolina
Municipal Bond Credit Report: The failed endeavor to build the Carolina Panthers football franchise a new headquarters in York County, South Carolina, has resulted in a thorny legal battle over…
Municipal Bond Credit Report: New Jersey and Connecticut have eased longstanding pension pains somewhat
Municipal Bond Credit Report: With their revenues beating expectations through stronger-than-expected tax receipts and federal pandemic aid, many states have used the extra funds to pay down unfunded pension liabilities…
Municipal Bond Credit Report: Fed Raises Interest Rates by 0.75 Percentage Point for Third Straight Meeting
Municipal Bond Credit Report: The Federal Reserve approved its third consecutive interest-rate rise of 0.75 percentage point and signaled additional large increases were likely even though they are raising the…
Municipal Bond Credit Report: GDPNow Latest estimate: 0.5 percent — September 15, 2022
Municipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 0.5 percent on September 15, down from…
