Chicago Warns Investors on Impact of Battered Credit
Using language Mayor Rahm Emanuel is unlikely to replicate in campaign brochures, Chicago's latest bond documents lay out for investors in stark terms the risks posed by its steep credit deterioration and hazards should it slip further.
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Bond insurer Financial Guaranty Insurance Co., the last major holdout creditor in Detroit's bankruptcy, is reportedly nearing a settlement with the city that includes a mix of cash and city assets.  more »
Texas Democratic governor candidate Wendy Davis accuses Republican opponent Greg Abbott of covering up misuse of the Texas Enterprise Fund as attorney general.  more »
Resiliency expert Alan Rubin urged New York City Mayor Bill de Blasio and Comptroller Scott Stringer to collaborate on environmental initiatives, including green bonds.  more »

Issuance of municipal MSA tobacco bonds by states was the subject of a highly critical article published by ProPublica. The article attempts to make a case that states erred in deciding to issue tobacco bonds. The article was widely circulated across social media. As we frequently observe, the national media focus on the muni market is appreciated, but the facts got muddied in the pursuit of a good story.

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