The municipal bond market had a terrific January, on both a nominal as well as a relative basis, as the market continued its trek out of the wilderness that dominated…
Assured Guaranty Ltd., the only active municipal bond insurer, said it will reconsider guaranteeing public bonds in states without procedures for reviewing and approving local bankruptcy petitions. “Local governments must…
Jefferson County, Alabama commissioners voted by 4-1 to file bankruptcy. It will be the largest Chapter 9 bankruptcy in the United States and affects over $3 billion in municipal bonds….
Legislators in Alabama’s Jefferson County on Wednesday voted 4 to 1 to file for bankruptcy court protection and thereby put in motion what could be the biggest municipal bankruptcy in…
Reports from Bloomberg were that Pennsylvania Governor Tom Corbett and the Harrisburg City Council are in a standoff resulting from Harrisburg’s filing of Chapter 9 bankruptcy last week. The governor…
We have written about Harrisburg PA.s struggle extensively during the past two years. A small city unable to pay off a jumbo-sized debt hasn’t shaken the muni market. Despite eye-catching…
Municipal credit revenue continues to improve. This week it was reported that US state and local government tax revenue rose almost 7% in the second quarter, from a year earlier….
Strike up another body blow against the big three credit ratings agencies. The SEC said the in-house procedures of one of the world’s top three ratings agencies has been leaking…
Obama’s Jobs Bill Will Punish Muni bonds. Municipal bonds have always been synonymous with tax-free income. That would end if President Obama gets his way. The Obama Administration wants to…
“American Idol” is the most watched television show ever. Steven Tyler and the other judges do a fine job rating contestants. But the judging skills of the big 3 credit…