Add Xenia Rural Water District’s to the short but growing list of over-leveraged municipal borrowers. With $143 million in debt and about 9,000 customers, the unfolding socio-gram includes bondholders, bond insurers CIFG and Assured Guaranty, the US Department of Agriculture,… Continue Reading →
It’s not news that consumer spending is off, but in municipal bond country this also means sales taxes are coming in lower. Some communities, such as those that depend on major shopping malls may see a double whammy from their… Continue Reading →
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