| Jun. 9, 2014 | |||||
| Northeast: Plain/Insured GO Yield Curve* | |||||
| State | Ratings | One-Year | Five-Year | 10-Year | 30-Year |
|---|---|---|---|---|---|
| Connecticut | Aa3/AA/AA | 0.18 | 1.44 | 2.57 | 3.65 |
| Delaware | Aaa/AAA/AAA | 0.12 | 1.22 | 2.26 | 3.35 |
| Maine | Aa2/AA/AA | 0.15 | 1.34 | 2.47 | 3.56 |
| Maryland | Aaa/AAA/AAA | 0.14 | 1.23 | 2.27 | 3.36 |
| Massachusetts | Aa1/AA+/AA+ | 0.15 | 1.31 | 2.43 | 3.57 |
| New Hampshire | Aa1/AA/AA+ | 0.14 | 1.28 | 2.37 | 3.46 |
| New Jersey | Aa3/AA+/AA+ | 0.24 | 1.51 | 2.63 | 3.73 |
| New York | Aa2/AA/AA | 0.14 | 1.28 | 2.34 | 3.52 |
| Pennsylvania | Aa2/AA/AA | 0.15 | 1.38 | 2.53 | 3.62 |
| Rhode Island | Aa2/AA/AA | 0.18 | 1.44 | 2.6 | 3.74 |
| Vermont | Aaa/AA+/AAA | 0.14 | 1.28 | 2.33 | 3.41 |
| Dist. of Columbia | Aa2/A+/AA+ | 0.16 | 1.36 | 2.5 | 3.63 |
| Puerto Rico | Baa3/BB+/BBB- | 7.74 | 8.43 | 8.72 | 7.91 |
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Munis are entering a negative feedback loop, according to J.P. Morgan analysts led by Peter DeGroot.
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Credit ratings for California utilities could face downward pressure as recurring wildfire risks test safety funds and strain balance sheets.
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"In a few years, Brightline may have to consider going through something like this again," warned one investor.
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Bondholders and Assured Guaranty are providing substantial funding in post-petition and post-bankruptcy packages to keep the project operating.
September 25 -
GASB has issued updated questions and answers designed to clarify how subsidies relate to operating revenue, an important distinction affecting higher education, and transportation entities.
September 25 -
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September 25









