Month: March 2021

Fitch Ratings downgraded Orlando, Florida’s $180.105 million of outstanding Series 2017A senior tourist development tax revenue bonds to BBB-minus from BBB due to the effects of the COVID-19 pandemic. Fitch said Tuesday’s downgrade reflects “persistent pressures on the travel and tourism sector resulting in historically low TDT revenue since the onset of the coronavirus pandemic.”
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In this article VIACP TME 9888-HK VIPS DISCA CSG.N-CH 8604.T-JP A massive margin call affected a little-known family office last Friday, incurring billions of dollars in losses for certain banks involved and jolted the overall volatility in the broader market. Archegos Capital Management’s leveraged bets in ViacomCBS blew up and ignited a whopping $20 billion wave
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The Massachusetts Bay Transportation Authority has received clearance from its oversight panel to expand its commercial paper program to $400 million from $250 million and to issue bond anticipation notes. Approval came at Monday’s joint meeting of the MBTA’s Fiscal Management and Control Board and the transit authority’s parent, the state Department of Transportation. Both
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Municipal secondary trading was quiet but a firmer tone emerged on Monday as both the holiday-shortened week and the approaching end of the first quarter made for a steady market. “It’s a very light calendar this week because of the holiday,” a New York trader said on Monday looking ahead at the upcoming Good Friday
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Soros Fund Management’s chief investment officer (CIO) says that central bank digital currencies are a potential threat to bitcoin and other cryptocurrencies but it will only be temporary. She also says that bitcoin is taking some of gold’s buyer base away. Crypto’s ‘Inflection Point’ Soros Fund Management Chief Investment Officer (CIO) Dawn Fitzpatrick talked about
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