Posts Tagged ‘Bond ratings’
Muni market shows strength despite tepid global economy
The number of municipal bond delinquencies declined in the third quarter, despite some dramatic outliers that Moody’s Investors Service characterized as idiosyncratic in a report released Monday.
Read MoreS&P revises Pennsylvania’s outlook to positive from stable, affirms GO rating
S&P said the outlook revision reflects “our view that Pennsylvania has continued to make progress toward structural budgetary balance.” Earlier this month, Moody’s revised its outlook on the state to positive.
Read MoreMoody’s revises Pennsylvania’s outlook to positive from stable
“Pennsylvania’s positive outlook is based on the significant increase in budget reserves over the past three fiscal years to levels consistent with higher-rated peers,” Moody’s said.
Read MoreMoody’s upgrades North Texas Tollway ratings ahead of bond refunding
The upgrades mark the second in a year for the tollway authority’s ratings, which were raised last August by S&P Global Ratings.
Read MoreFitch downgrades of munis tied to U.S. rating to have little impact on market
“The limited scope of muni debt affected suggests a marginal impact on the muni market, if any,” BofA strategists said.
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