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Moody's says the adoption of an on-time budget along with audited financials are positive developments.
October 10 -
Market demand for the high yields offered by riskier paper is pulling such credits into the market, Municipal Market Analytics says.
October 10 -
Ongoing state intervention will mute any policy impacts stemming from the resignation of a mayor who pleaded guilty to embezzling from a youth sports group.
October 7 -
A proposal for a rate increase to back a bond got a hostile reception.
October 2 -
Moody's action followed Fitch putting the authority on ratings watch negative on Friday.
September 24 -
The islands' representative to Congress called for the local government to declare an emergency, possibly affecting $633 million of WAPA debt.
September 19 -
If the bonds are approved in March, the junk-rated city plans to issue $250 million of new money, unlimited tax general obligation bonds in 2020.
September 17 -
CPS sees spread penalties dwindle as market looks for yield and recognizes district's fiscal progress.
September 6 -
The distric is the legacy entity left to service school bonds after a new district was created to educate Detroit's children.
August 30 -
If approved, the junk-rated city would issue $200 million of new money unlimited tax general obligation bonds in the summer of 2020.
May 31