Category: COVID-19
NY’s MTA May Be Fiscally Stressed, But State and City Support (and a Blue Congress?) Provide Buffer.
October 6, 2020 – In a report released on Friday, JP Morgan analysts said a bankruptcy scenario is unlikely for…
Morgan Stanley: Fed Likely To Succeed In Spurring U.S. Inflation. Investors Say Municipal Bond Yields Have Risen As A Result.
September 14, 2020 – Morgan Stanley said the Federal Reserve’s recently-announced inflation-targeting framework will likely spur U.S. inflation. The so-called…
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…
Bank of America Says Trump Executive Orders May Have Limited Economic Impact
August 10, 2020 – In a research report issued by Bank of America’s Global Economics Team, analysts noted that the…
Chicago Breaks with NYC; Mayor Lightfoot Says Schools Won’t Reopen in the Fall.
August 5, 2020 – Will they or won’t they? The question top-of-mind for millions this month is not whether the…
S&P: Prolonged Revenue Weakness Could Pressure Convention Center Credit Ratings
July 27, 2020 – As reopenings in California and Sun Belt states are halted, S&P Global Ratings said today it…
Morgan Stanley: “CARES 2” Will Extend Up To $614B of Muni-Related Stimulus Aid And Bring Back Advance Refundings
July 20, 2020 – Morgan Stanley waded into the Congressional prediction sweepstakes today, predicting that Congress will extend up to…
Citi’s Controversial Recommendation: Issuers Should Issue More Debt
June 28, 2020 – In a report issued yesterday, Citi’s Municipal Research team recommended state and local governments undertook “aggressive…
Amid $61 Billion of Projected Revenue Declines, the Empire State Preps $3.5 Billion Cashflow Borrowing
June 9, 2020 – New York State kicked off pre-marketing today for a $3.4 billion Revenue Anticipation Notes (RANs), issued…
Fed Expands Municipal Liquidity Facility (MLF); New York’s MTA Seen As Notable Beneficiary
June 3, 2020 – The Federal Reserve Board announced an expansion in the number and type of entities eligible to…
