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Slow New York County Sales Tax Growth a Credit Negative: Moody's
Slow sales tax revenue growth for New York counties is a credit negative for the counties, Moody's Investors Service said.
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Having dropped the stigmatized Harrisburg Authority name, Capital Region Water of Pennsylvania is shooting for an investment-grade rating within 18 to 24 months. Meanwhile, the unrated is selling debt with the help of credit enhancement.  more »
AlliedBarton agreed to pay more than $1.3 million to cover a prevailing-wage discrepancy, New York City Comptroller Scott Stringer said.  more »
Sonia Toledo of Wells Fargo Securities was elected president of the Municipal Forum of New York, heading an all-female slate of officers.  more »
Puerto Rico called for the dismissal of a suit challenging the commonwealth's newly passed public corporation restructuring law.  more »
Stern Brothers & Co., which advised on a recent $500 million MTA bond sale, hired former New York City Councilman David Weprin and added Neal Oldendorp in New Jerey.  more »
The Government Finance Officers Association of the United States and Canada has honored Connecticut's Treasury Department for excellence in financial reporting  more »
Moody's downgrade of Pennsylvania could precede more bond rating action against Pennsylvania as unfunded pension liability hovers over the commonwealth.  more »
A special commission brainstormed about the long-term prospects for New York's Metropolitan Transportation Authority, one of the largest municipal issuers. The authority is in need of modern thinking about how to finance and provide its services, many members said.  more »
The Amsterdam at Harborside plans to file for bankruptcy tonight or tomorrow, the conclusion of over a year of restructuring negotiations with bondholders. The plan does not forgive any debt, but does feature a senior and subordinate exchange offer.  more »
A new company is aiming to keep holders of Puerto Rico bonds informed about the court proceedings there.  more »
Puerto Rico's unemployment rate plunged seven tenths of a percentage point in June from May, bringing the rate to the lowest level since October 2008. But the number employed is also down.  more »
The Amsterdam at Harborside bond trustee accidentally posted the retirement community's restructuring plan to EMMA this morning, only to promptly remove it and replace it with a blank PDF.  more »
The Massachusetts Development Finance Agency has received a $3.9 million federal grant under the credit enhancement for charter schools facilities program.  more »

Since the release of the Securities and Exchange Commission's final municipal advisor registration rule in September 2013, the Bond Dealers of America and its members have dedicated significant efforts and resources to work with regulators, educate issuers and ultimately be prepared to make a successful implementation of the rule.

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