Municipal Bond Credit Report: Texas school bond guarantee program nears capacity
Municipal Bond Credit Report: A top-rated Texas program that guarantees public school bonds is close to capacity amid a big wave of voter-approved debt to repair aging facilities and accommodate…
Municipal Bond Credit Report: Biden Student-Loan Forgiveness Raises Inflation, Budget Risks
Municipal Bond Credit Report: President Biden’s decision to cancel up to $20,000 in student debt for millions of borrowers will have broad economic consequences, including on inflation, consumer behavior and…
Municipal Bond Credit Report: GDPNow Model Latest estimate: 1.4 percent — August 24, 2022
Municipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 1.4 percent on August 24, down from…
Municipal Bond Credit Report: Reserve fund draws by small borrowers spiked during pandemic: Moody’s
Municipal Bond Credit Report: The COVID-19 pandemic led to a spike in smaller municipal borrowers raiding debt service reserve funds, a move that plugs temporary shortfalls but does not prevent…
Municipal Bond Credit Report: Rating cuts follow a Missouri city’s bankruptcy warning
Municipal Bond Credit Report: Two rating agencies cut Hazelwood, Missouri’s ratings this month as the city remains locked in a battle with a fire protection district over the cost for…
Municipal Bond Credit Report: Municipal bonds for South Carolina wood pellet maker land in bankruptcy court
Municipal Bond Credit Report: A bankruptcy court in South Carolina is closer to deciding the fate of $12.5 million of municipal bonds… Link to Story
Municipal Bond Credit Report: Mortgage Rates Slip to 5.13%
Municipal Bond Credit Report: The 30-year fixed mortgage rate averaged 5.13%, down from 5.22% last week and 5.81% in June, which was the highest rate since 2008, according to a…
Municipal Bond Credit Report: U.S. Home Sales Dropped in July for Sixth Straight Month
Municipal Bond Credit Report: U.S. existing home sales fell in July for the sixth straight month, the longest streak of declines in more than eight years, as higher mortgage rates…
Municipal Bond Credit Report: A brush with default: Without budget, Trenton, N.J., in fiscal limbo
Municipal Bond Credit Report: A budget impasse that’s left Trenton, New Jersey, without an approved budget well into the new fiscal year continues, despite a recent brush with default… Link…
Municipal Bond Credit Report: Detroit returns to bankruptcy court for pension funding dispute
Municipal Bond Credit Report: Detroit is asking the bankruptcy court to require that its police and firefighters retirement system stick with a 30-year amortization period agreed to in the city’s…
