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S&P Global Ratings says Detroit's Local Development Finance Authority's collections haven't been enough to cover debt service payments on subordinate bonds issued in 1997.
January 31 -
Amid bankruptcy talk about the investor-owned utility, the fate of its $18 billion in corporate bonds could impact the municipal bond market.
January 10 -
S&P Global Ratings cut Coralville to speculative grade citing the added debt burden and financing risks.
January 8 -
Platte County remains at odds with holders of the $32 million Zona Rosa bond issue about its responsibility to cover debt service shortfalls.
December 28 -
Atlantic City casino revenue was up 20% year-over-year in November.
December 14 -
Outstanding government receivables remain a constraining factor to the Virgin Islands Water and Power Authority's credit profile after it refinanced two notes.
December 14 -
Detroit issued bonds Friday to fund the successful tender offer.
December 10 -
Americans place almost $150 billion in illegal sports bets annually, according to the American Gaming Association.
December 7 -
Legal limbo surrounds Atlantic City Mayor Frank Gilliam as he closes his first year in office.
December 5 -
Detroit originally planned to sell $112 million of new money GOs but boosted the deal to $135 million as buyers sought the speculative-grade paper.
December 5