Atlantic County, N.J., Foreclosure Rate a Credit Negative, Moody's Says
Increasing foreclosure levels in Atlantic County, N.J., are a credit negative for the government, hit hard by Atlantic City's recent casino struggles, according to Moody's Investors Service.
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Standard & Poor’s downgraded the Puerto Rico Electric Power Authority to CCC-minus from CCC, saying that a default seemed inevitable within six months.  more »
The Federal Railroad Administration has approved a $967.1 million loan to New York’s MTA for signal system safety improvements along Long Island and Metro-North commuter railroads.  more »
Maryland Gov. Larry Hogan wants major cost reductions in Purple Line P3 rail proposal or he'll kill the project.  more »
The Puerto Rico Electric Power Authority said that the bondholders' plan to revamp its business and avoid default was overly optimistic on costs.  more »
After Boston’s mass transit system ground to a halt during the winter, the wheels for overhauling the agency that runs it have begun to turn.  more »
The Massachusetts Pension Reserves Investment Management board named David Gurtz interim CFO and COO and promoted Sarah Samuels to deputy chief investment officer.  more »
Gov. Tom Wolf announced the investment of $130.7 million for 12 non-point source, drinking water and wastewater projects across eight counties through the Pennsylvania Infrastructure Investment Authority.  more »
Puerto Rico’s tax overhaul plan took shape this week as the commonwealth’s financial authority warned of a likely government shutdown within three months due to a lack of liquidity and ability to sell bonds.  more »
Rhode Island's serious financial challenges extend well beyond the headline 38 Studios bond financing controversy, said a report by Gurtin Fixed Income Management.  more »
DoubleLine Capital's Jeffrey Gundlach bought $20 million of junk-rated Puerto Rico bonds this year as the commonwealth struggled with its fiscal crisis.  more »
Gov. Charlie Baker, acting on several recommendations by a special panel, filed legislation to establish a fiscal control board to run the Massachusetts Bay Transportation Authority.  more »
An economic study says Maryland’s proposed $2.45 billion Purple Line light rail would boost area’s income and job opportunities.  more »
Atlantic City's Casino Reinvestment Development Authority will soon have a new leader after the New Jersey agency's longtime chairman James Kehoe announced on April 21 he is stepping down from the post.  more »

This week, we discuss a new measure of pension funding, examine the impact of oil prices on labor markets in oil dependent States and discuss changing levels of food stamp participation.

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