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Public finance has changed a lot since the Great Depression, so a repeat of that era’s default experience is not preordained even if this contraction matches the worst predictions.
April 30Cato Institute -
The historic nature of how ratings for municipal issuers play out in times of severe volatility is under scrutiny from various market participants.
April 23 -
Technical and fundamental concerns surrounding credit and supply could present challenges for the market going forward but participants tepidly welcomed signs of stability.
April 14 -
The bond's Official Statement warned not to expect payments on time.
March 9 -
Harvey, Illinois, is trying to reach settlements on legal claims being pursued by bondholders and on overdue Chicago water payments.
March 4 -
Judge John Cooper told the Florida Department of Transportation to increase Garcon Point Bridge tolls after FDOT failed to follow his order to do so in December.
February 27 -
The Illinois attorney general's office is also believed to be looking into the foundation, which issued $170 million of tax-exempt bonds that have defaulted.
February 26 -
Moody's calls the missed payments an administrative default given the district's willingness and ability to pay.
February 25 -
Bankruptcy hearings are underway for Lindan Properties, one of five troubled bond-financed Better Housing Foundation affordable housing portfolios in the area.
February 24 -
The state conduit that issued $170 million of defaulted Better Housing Foundation bonds is weighing in as S&P prepares housing bond criteria changes.
February 10