Municipal Bond Credit Report: Two years after COVID emptied offices, New York City faces a hazy future
Municipal Bond Credit Report: News about the “novel coronavirus” was intensifying in March 2020. The World Health Organization declared a pandemic March 11. The NBA and NHL suspended their seasons…
Municipal Bond Credit Report: Corruption’s murky toll on Chicago and Illinois finances
Municipal Bond Credit Report: Political corruption taints the reputations of Chicago and Illinois and may influence decisions by businesses and voters at the polls, but it’s harder to measure the…
Municipal Bond Credit Report: As Plan of Adjustment becomes effective, restructured Puerto Rico debt hits market
Municipal Bond Credit Report: Puerto Rico’s Plan of Adjustment went into effect Tuesday as did the restructuring of $33 billion of bonds, with bondholders and bond insurers beginning to receive…
Municipal Bond Credit Report: Jobless Claims Edge Lower in Tight U.S. Labor Market
Municipal Bond Credit Report: New applications for unemployment benefits edged lower last week, remaining near historically low levels in a robust U.S. labor market… Link to Story
Municipal Bond Credit Report: Fed Raises Interest Rates for First Time Since 2018
Municipal Bond Credit Report: Federal Reserve officials voted Wednesday to lift interest rates and penciled in six more increases by year’s end, the most aggressive pace in more than 15…
Municipal Bond Credit Report: U.S. Existing-Home Sales Fell 7.2% in February
Municipal Bond Credit Report: Sales of previously owned homes declined in February as rising mortgage-interest rates and a shortage of homes for sale made it difficult for buyers to compete……
Municipal Bond Credit Report: Big Four Accounting Firms Come Under Regulator’s Scrutiny
Municipal Bond Credit Report: Regulators are carrying out a sweeping investigation of conflicts of interest at the nation’s largest accounting firms, asking whether consulting and other nonaudit services they sell…
Municipal Bond Credit Report: Russia-Ukraine war poses a risk to U.S., California economies, forecast says
Municipal Bond Credit Report: Just as the U.S. economy appeared to be recovering from pandemic-induced shocks, the Russia-Ukraine war has injected a sense of uncertainty and risk for the U.S.…
Municipal Bond Credit Report: Detroit may ask bankruptcy court to counter pension fund action
Municipal Bond Credit Report: Detroit plans to ask the federal bankruptcy court to intervene in pension fund actions that will add to budget strains when post-Chapter 9 contributions resume in…
Municipal Bond Credit Report: Detroit inches closer to investment grade with Moody’s upgrade
Municipal Bond Credit Report: Detroit’s post-Chapter 9 fiscal progress despite the COVID-19 pandemic’s revenue blows drew an upgrade from Moody’s Investors Service that moves the city two notches away from…
