Charter schools form a growing and lucrative part of the municipal finance landscape. As we learned recently, charter school bonds can have stories beyond those told in their offering documents. Here is one uncovered by Bitvore for Munis.
Last month, the California School Finance Authority […]
The popular HBO series Boardwalk Empire portrays Atlantic City in the midst of its Prohibition-era heyday when tourists, booze and money were flowing liberally. The upcoming season will portray the ravages of the Depression, but it may not mention the downturn’s impact […]
Last week, Moody’s downgraded King’s Daughters Medical Center’s (KDMC’s) debt from A2 to A3. The agency cited “a large $40.9 million Department of Justice settlement” as one of the reasons for downgrading the Ashland, Kentucky hospital.
Bitvore users learned about the settlement from local media […]
MSRB EMMA is the authoritative source of official statements and official filings of material events abouteach municipal bond. However, like buying stocks based only on annual and quarterly reports, investors only see a small part of the picture from official filings. […]
** UPDATE: The hospital won’t reopen until July, but voters approved the 1% sales tax initiative thereby preserving the hospital and keeping creditors whole for the time being.
Source: http://wreg.com/2014/06/24/crittenden-county-voters-approve-sales-tax-increase/**
Crittenden Regional Hospital in West Memphis, AR is at risk of closing and […]
Last week, Bitvore users learned that South Carolina State University was facing a severe financial crisis. According to local news articles we captured, the school needs an emergency infusion of $1.2 million to cover salaries and debt payments through the […]
Last week’s Clippers/Warriors NBA playoff series was pretty exciting, but now the Golden State Warriors are creating some unwanted excitement for municipal bond investors.
The team has announced plans to move from the Oakland Coliseum to a new facility in San […]
Pension underfunding has been a major concern for municipal bond investors in California, Illinois and Michigan. But pension shortfalls can pop up anywhere, and news of underfunding problems is reported first and most thoroughly in local news media.
By sifting […]
Fast and easy access to local material information for Munis.
The SEC approved the MSRB Rule G-47 and it comes into effect on July 5th. G-47 is designed to protect the buyers and sellers of municipal bonds by requiring the more sophisticated municipal market professionals […]
Our nation has thousands of smaller cities, and no one keeps tabs on their financial condition in real time. Consequently, municipal bond investors can be caught by surprise when one of these cities gets into trouble. Because […]