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States in good shape, for now
23 Jul 2025 23:16 GMT
"There's not one state rated by Fitch (Ratings) with a negative outlook right now, not one," said Dan Hartman, Managing Director and Immediate Past CEO PFM Financial Advisors LLC. "There's 15 with a positive outlook. There's 18 …
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How a sales tax law change delayed Chicago transit's fiscal cliff
23 Jul 2025 14:10 GMT
A CTA train in Chicago's Loop. A tax law change has reshaped Chicago transit's fiscal cliff. Bloomberg News
A 2024 Illinois law changing sales tax distributions has ramifications for the fiscal cliff facing Chicago-area transit agencies.
Because of …
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Guam airport outlook dropped to negative by Moody's
07 Jul 2025 17:46 GMT
A.B. Won Pat International Airport, Guam, is seeing fewer enplanements than the low end of expectations, Moody's said. AdobeStock
Moody's Ratings revised the outlook on A.B. Won Pat International Airport Authority's revenue bonds to negative …
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Binghatti Net Profit Surges 172% In First Half On Continued Demand
22 Jul 2025 19:32 GMT
(MENAFN- Khaleej Times)
Binghatti Holding Ltd, a leading UAE luxury real estate developer, on Tuesday reported year-on-year profit and revenue almost tripling for the first half of 2025, driven by the continued demand for its projects.
Net profit in the …
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New York state budget boost helped MTA net Moody's upgrade
25 Jun 2025 22:36 GMT
The New York state budget deal included nearly $30 billion for the Metropolitan Transportation Authority's 2025-2029 capital plan.
The budget had one other delayed benefit for the transit agency: a rating upgrade from Moody's Ratings.
The …
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Illinois Municipal Electric Agency faces contract extension holdouts
22 Jul 2025 16:38 GMT
A barge is filled with coal along the Mississippi River in Chester, Illinois, in 2012. Coal-fired power generation has come under scrutiny from citizens' groups in some Illinois municipalities.Bloomberg News
The Illinois Municipal Electric Agency has …
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Alaska wins upgrade from Moody's
18 Jun 2025 14:58 GMT
An Alaska state flag flies in Anchorage.Bloomberg News
A growing rainy-day fund helped Alaska win a Moody's Ratings upgrade Tuesday.
The state's issuer and general obligation bond ratings were lifted to Aa2 from Aa3. "The upgrade reflects the …
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Santander Drive prepares to issue $1.7 billion in auto ABS
21 Jul 2025 20:40 GMT
Santander Consumer USA is preparing to sponsor a $1.7 billion securitization of revenue from a pool of 70,785 non-prime quality retail installment loans that it has acquired.
The deal, Santander Drive Auto Receivables Trust, 2025-3, can be upsized to $2.1 …
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DC Water coming to market with green bonds
21 Jul 2025 19:25 GMT
"DC Water is excited to be back in the market with a transaction that will fund infrastructure investments in Washington D.C.," said Matthew T. Brown, chief financial officer and executive vice president of D.C Water. "We plan to issue green …
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Maui County to sell first GO deal since fires decimated Lahaina
21 Jul 2025 18:52 GMT
Maui County plans to competitively sell $301.8 million in general obligation bonds Wednesday.AdobeStock
Maui County plans to sell by competitive bid Wednesday $301.8 million of general obligation bonds, its first GO deal since before the 2023 fires …