The city of Myrtle Beach, South Carolina, will honor its backup pledge to replenish the Myrtle Beach Convention Center Hotel Corp.’s debt service reserve fund.
The National Governors Association reported this week that states expect to exhaust their entire share of the Coronavirus Relief Fund by the Dec. 30 deadline.
New York Gov. Andrew Cuomo is holding off on addressing a widening revenue gap until after the election, hoping a Democratic win will mean more stimulus, a move analysts criticized.
Refinancing and restructuring debt plays prominently in the city's budget plans
Fed finds most areas improving, with different sectors showing greta variation in activity.
Options for local governments amid the coronavirus range from rainy-day withdrawals to pension payment delays, and renewed calls for shared services and mergers.
Favorable sale results compared to recent secondary trading levels prompted MMD to narrow Illinois' spreads on average by 10-30 basis points across the curve with the short-end seeing the biggest improvement.
CommonSpirit's deal marks the next phase in managing the combined debt porfolio of CHI and Dignity.
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CommonSpirit's deal marks the next phase in managing the combined debt porfolio of CHI and Dignity.
October 20
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A senior Federal Reserve official said an expansion of the MLF won’t happen unless the program is extended into 2021.
October 20
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The Chicago-area transit agency says it needs more federal aid to manage pandemic-induced funding shortfalls.
October 20
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The increasing focus on ESG and innovation in the municipal market continues to grow as investors and issuers navigate a changing global market for state and local government debt amid COVID-19.
October 20
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The coronavirus pandemic took its toll on Hawaii's credit rating Monday as Fitch cuts the Aloha State's GOs to AA. NYC TFA announces $1.1B sale for next week.
October 19
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Groups said regulation would not be helpful in encouraging more disclosure.
October 19
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Tough decisions on spending and taxes lay ahead if Illinois voters reject a progressive income tax structure and federal coronavirus relief fails to pan out.
October 19
