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Posted in Rating Agencies U.S. Congress U.S. Elections

Puerto Rico Statehood Is Credit Positive Due To Medicaid, But Commonwealth May Lose Triple Tax Exemption

November 5, 2020 – Puerto Rico voters appear to have voted in favor of statehood by a 52-48% margin (votes…

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Posted in COVID-19 Moodys New York State NYC Schools

Moody’s: Schools Reopening Is Credit Positive for New York State, City and MTA. But Gains Could Be “Short-Lived”.

August 20, 2020 – In a note issued last week, Moody’s Investor Service opined that reopened schools would be credit…

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Posted in California COVID-19 New York State States U.S. Congress

Dem-Sponsored “HEROES” Act Would Favor California, Not So Much New York.

May 20, 2020 – The Democratic-controlled House of Representatives passed the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act…

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Posted in COVID-19 Federal Reserve Investment Banking Issuers

Federal Reserve Releases “Notice of Interest” for Municipal Liquidity Facility Borrowers

May 15, 2020 – The Federal Reserve Bank of New York (“FRNY”) has released a Notice of Interest (NOI) for eligible…

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Posted in Congress COVID-19 Economy Markets

How A Morgan Stanley Report Might Stymie Future Stimulus Bills To Assist U.S. Corporations

April 21, 2020 – A report by Morgan Stanley is being scrutinized by market participants and political staffers for concluding…

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Posted in Issuers Opinion

Opinion: How The 30-Year Level Debt Structure Is Killing Muni Innovation

April 1, 2020 – When I joined a bulge-bracket Public Finance shop in the 90s, my mentor touted the superior…

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Posted in Credit Ratings Issuers New York State Rating Agencies

Breaking: Moody’s Revised New York State Outlook to “Negative”

April 1, 2020 – In a move not unexpected to municipal market participants, Moody’s revised its outlook for New York…

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Posted in Economy Global Economy Healthcare Issuers

Opinion: How #Coronavirus Could Decimate Muni Credit

February 28, 2020 – Two weeks ago, when BuyMuni highlighted institutional investor concerns about the coronavirus outbreak, the stock market…

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Posted in Airports Sell-Side Research Transportation

Despite Coronavirus Concerns, Morgan Stanley Is Bullish On Airport Credit

February 12, 2020 – Despite market fears that the current #coronavirus crisis might precipitate a global slowdown, Morgan Stanley issued…

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Posted in Budgets Economy States

Tax Flight Is Real: TX and FL Gain. NY, CA and NJ Lost Residents.

January 6, 2020 – In a report authored by Bank of America Securities analyst Ian Rogow, 2017-2018 migration data issued…