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An appellate court will weigh whether a financing agreement on the Platte County IDB bonds attached more than just a moral obligation pledge.June 23
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A bankruptcy judge will be asked to sign off on the sale of BHF's Shoreline portfolio in Chicago and will hold an initial Chapter 11 hearing on another portfolio.June 19
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Some elder housing borrowers have also drawn on debt service reserves, violated covenants, or sought to restructure their bonds, said Moody's Investors Service.June 3
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Fairfield, Alabama, weighed down by fiscal problems long before the coronavirus hit, filed for bankruptcy saying it is insolvent.May 21
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The Westin Lombard hotel and conference center in Chicago's suburbs dipped into debt reserves to cover operations after closing in response to the pandemic.May 11
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Public finance has changed a lot since the Great Depression, so a repeat of that era’s default experience is not preordained even if this contraction matches the worst predictions.April 30
Senior Policy AnalystReason Foundation
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The historic nature of how ratings for municipal issuers play out in times of severe volatility is under scrutiny from various market participants.April 23
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Technical and fundamental concerns surrounding credit and supply could present challenges for the market going forward but participants tepidly welcomed signs of stability.April 14
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The bond's Official Statement warned not to expect payments on time.March 9
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Harvey, Illinois, is trying to reach settlements on legal claims being pursued by bondholders and on overdue Chicago water payments.March 4
