Posts Tagged ‘ bond ’

Credit agency watching school reserve funds

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May 6, 2012

Parents, teachers and education lobbying groups aren’t the only ones watching as the legislative debate over K-12 school funding drags deep into this year’s session. Credit rating agencies also have an eye out. Sarah Smaardyk, an analyst for Standard Poors in Dallas, said her company has tracked Kansas school districts as they have been...
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China local govt bonds surge in Q1: report

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May 5, 2012

<!–enpproperty 2012-05-04 15:12:46.0China local govt bonds surge in Q1: reportChina local gov’t bonds,China’s local government financing vehicles,urban construction,government financing,China’s bond issuance,low-income housing,local government debt,11020264Economy2@webnews/enpproperty–> BEIJING – Bonds issued by China’s local government financing vehicles (LGFVs) surged in the first quarter of this year as urban construction continued to boost government demand for funding, local...
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Fitch Affirms Tennessee Local Development Authority’s $8.8MM Program Rev Bonds …

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May 5, 2012

NEW YORK, May 04, 2012 (BUSINESS WIRE) – Fitch Ratings affirms the following rating of the Tennessee Local Development Authority (TLDA) State Loan Program revenue bonds: – $8.845 million in outstanding TLDA State Loan Program revenue bonds at ‘AA’. The Rating Outlook is Stable. KEY RATING DRIVERS – The bonds enjoy the protection of...
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Scrapping rent grant ‘may hurt the poor’

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April 28, 2012

SOME of the state’s poorest renters could be put under further financial strain by an O’Farrell government decision to cut a key rental assistance grant next week, housing advocates warn. From May 1, the government will no longer provide Rentstart grants, which cover the cost of a bond and two week’s rent for very...
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PWLB rate cuts could kill off council bonds

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March 26, 2012

Chancellor George Osborne’s Budget on March 21 revealed a reduction in the Public Works Loan Board interest rate on loans for councils that provide ‘improved information and transparency’ on ‘borrowing and associated capital spending plans’. The rate would then be reduced by 20 basis points from the current rate of 1% above central government’s...
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Local government bond bank auction bumpier

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March 21, 2012

JASON KRUPP The Local Government Funding Agency’s second bond issue has got off to a bumpier start, amid slightly thinner support and a marginal widening of interest rates. The offer, consisting of $85 million worth of 2015 and $180m of 2017 maturities, drew $959m worth of bids with an overall bid-cover ratio of 3.6...
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