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This is a list of U.S. states by credit rating, showing credit ratings for sovereign bonds as reported by the three major credit rating agencies: Standard & Poor's, Fitch and Moody's. The list is given as of May 2021.
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.
When a city, state or local government needs funding for a public project, it can issue municipal bonds to raise money. Investors purchase these bonds, essentially lending money to the government ...
The bonds will be issued by the California Municipal Finance Authority and have an expected maturity date of 2052. ... Series 2022 (Federally Taxable) (Green Bonds). The bonds will be issued by ...
Rating Action: Moody's assigns Aaa to California Public Finance Authority Multifamily Taxable Mortgage-backed Bonds (M-TMBS) (Acme Family Apartments), Series 2022AGlobal Credit Research - 18 Jan ...
These districts can be used to pay for ongoing services (such as enhanced landscaping within a community). Or, if approved by voters, the special tax may be used as the security on which to issue land-secured municipal bonds (debt). If debt is approved, the special tax will repay the bond principal and interest each year. [3]
In other words, the muni pays the taxable equivalent of a bond offering 4.28 percent – the threshold where you would be indifferent to the muni over the regular bond.
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.