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Announcement: Moody's has updated initial mandatory tender date and final maturity date of the New Jersey Housing and Mortgage Finance Agency Multifamily Conduit Revenue Bonds (Hamilton Square ...
A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal bonds is often, but not always, exempt from federal and state income taxation.
Rating Action: Moody's upgrades New Jersey Qualified Bond Program financing level enhanced ratings to A3 for 15 obligorsGlobal Credit Research - 03 Mar 2022New York, March 03, 2022 -- Moody's ...
Interest rate risk is one of the key threats to municipal bond investors.. When interest rates rise, the market value of existing bonds tends to decrease. When interest rates rise, the market ...
That perception could thus potentially allow a local government to borrow at a lower interest rate, saving its taxpayers' money over the life of the bonds. Despite that advantage, many states, such as California under Proposition 13 , do not allow local governments to issue unlimited-tax general obligation debt without a public vote .
The fact that states aren't eligible for bankruptcy may allow them to borrow money at lower interest rates. [12] Opponents, including representatives of the National Governors Association, [13] say that talk of allowing states to seek bankruptcy protection could create doubts in the municipal bond market. [1]
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