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Latest Municipal bond Stories

2009-06-10 09:09:00

FORT LEE, N.J., June 10 /PRNewswire/ -- DPC DATA, a leading provider of municipal bond disclosure data, today introduced MuniGUARD(TM), a new suite of surveillance services for investors, advisors and brokers concerned about significant increases in the credit risk of their municipal bond holdings. MuniGUARD tracks and provides automated notification about various events that impact credit quality. Several levels of the service are available to address subscribers' specific needs for custom...

2009-06-01 10:33:00

Documents Are Available on the MSRB's EMMA Website ALEXANDRIA, Va., June 1 /PRNewswire/ -- The Municipal Securities Rulemaking Board (MSRB) today implemented an all-electronic standard for free public access to primary market disclosure documents and transaction price information for the municipal securities market. All official statements and advance refunding documents associated with new bond offerings will be filed electronically and posted on the MSRB's Electronic Municipal Market...

2009-04-15 11:21:00

ALEXANDRIA, Va., April 15 /PRNewswire/ -- The Municipal Securities Rulemaking Board (MSRB) supports increased accessibility to all credit ratings for municipal bonds. The MSRB recognizes that the Securities and Exchange Commission (SEC) is reviewing credit rating agency regulation as it relates to transparency and conflicts of interest for bond ratings. The MSRB has previously articulated its support of the SEC's goal to improve transparency in the credit rating process. The MSRB believes...

2009-02-26 15:35:00

Reports of construction delays are unfounded MARLTON, N.J., Feb. 26 /PRNewswire-USNewswire/ -- Today Virtua Health received approval from the New Jersey Health Care Facilities Financing Authority (NJHCFFA) to sell tax-exempt bonds for the financing of its replacement hospital in Voorhees. "We appreciate the Financing Authority's unanimous vote for Virtua to issue tax exempt bonds," said Bob Segin, Virtua's Chief Financial Officer. Virtua has financed the construction project to date with...

2009-02-25 17:06:00

Current construction of Voorhees facility already ahead of schedule MARLTON, N.J., Feb. 25 /PRNewswire-USNewswire/ -- Virtua Health will seek approval to sell tax exempt bonds from the New Jersey Health Care Facilities Financing Authority (NJHCFFA) on Thursday, February 26, 2009. The bonds will be used to continue the financing of its replacement hospital in Voorhees. "We have our plan for finance in place and have met the Finance Authority's requirements to receive approval for the...

2009-01-29 13:08:00

WASHINGTON, Jan. 29 /PRNewswire/ -- Securities Litigation and Consulting Group, Inc. ("SLCG") has issued a new study on leveraged municipal bond hedge funds -- including Citigroup's MAT 3, MAT V and Falcon Strategies. Substantial losses suffered by these hedge funds have brought attention to the risks involved in the leveraged municipal arbitrage strategy. The study reports that more than 35 similar hedge funds, including Stone & Youngberg Municipal Advantage Fund, 1861 Capital...

2008-11-14 12:00:22

In conjunction with the Rating Outlook revision and downgrade of Regions Bank short-term Issuer Default Rating (IDR), Fitch Ratings has downgraded municipal bonds with letters of credit provided by Regions Bank. Fitch revised Regions Bank's Outlook to Negative and downgraded its short-term IDR to 'F1' from 'F1+' on March 28, 2008. The Outlooks on the following bonds are revised to Negative, and the short-term ratings are downgraded to 'F1' from 'F1+': --Tippecanoe County (IN)...

2008-09-04 15:00:17

TARRYTOWN, N.Y., Sept. 4 /PRNewswire-FirstCall/ -- Environmental Power Corporation (the "Company"), today announced that its subsidiary, Microgy Holdings, LLC, has completed a financing involving the sale of $62.4 million of tax-exempt bonds issued through the California Statewide Communities Development Authority. The proceeds of the bonds will be used to finance construction of the announced Riverdale Cluster and Hanford Cluster renewable natural gas (RNG(R)) projects. The Company...

2008-07-28 09:00:55

TARRYTOWN, N.Y., July 28 /PRNewswire-FirstCall/ -- Environmental Power Corporation (the "Company") today announced that its subsidiary, Microgy Grand Island, LLC, has completed a financing involving the sale of $7 million of tax-exempt bonds issued by the City of Grand Island, Nebraska. The proceeds of the bonds will be used to finance construction of the Grand Island Biogas Project at the JBS Swift Plant in Grand Island, Nebraska. The biogas facility, which is being developed by the...

2007-11-20 18:00:40

Fitch Ratings assigns an 'A' rating to the approximately $20.8 million in Bi-State Development Agency of the Missouri Illinois Metropolitan District (Bi-State) mass transit sales tax appropriation refunding bonds (Metrolink Cross County Extension Project) series 2007. The bonds are expected to be sold through negotiation by Merrill Lynch & Co on or about Dec. 4. Bond proceeds will be used to refund the 2008 and 2009 principal payments on the agency's series 2002B bonds and pay the...


Word of the Day
Cthulhu
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.
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