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Public K-12 School Districts – US: State initiatives complicate budget...

State legislation pertaining to instruction, health and safety, and school choice will continue to drive costs higher for school districts while simultaneously creating governance challenges

Moody's Ratings assigns a rating to one class of notes issued by Symph...

Moody's Ratings (Moody's) has assigned a rating to one class of notes issued by Symphony CLO 43, Ltd. (the "Issuer" or "Symphony CLO 43").   Moody's Ratings rating action is as follows: U.S.$256,000,000 Class A-1 Floating Rate Senior Notes due 2037 (the "Class A-1 Notes"), Assigned Aaa (sf) RA...

Higher Education – US: For-profit education providers face risk from f...

A federal rule to protect students from attending for-profit universities that leave them with poor job prospects and unaffordable debt threatens to curb revenue for for-profit providers.

Adrian Loh Tzum Yung
  • Adrian Loh Tzum Yung

Singapore Daily: Friday, April 19, 2024

KEY HIGHLIGHTS Sector Property The issue of more supply, high taxes and interest rates. TRADERS' CORNER Yangzijiang Financial Holding (YZJFH SP): Trading BUY                                                Sembcorp Industries (SCI SP): Trading BUY

FFELP Student Loan ABS – US: Federal SAVE repayment plan will continue...

The federal SAVE Plan will continue to drive up prepayments for FFELP ABS, cutting bond maturity risk.

Moody's Ratings assigns Aa2 to Oregon HCSD MRB 2024 Series A and B bon...

Moody's Ratings (Moody's) has assigned a rating of Aa2 to State of Oregon Housing and Community Services Department's (OHCSD or the Department) approximately $38.805 million Mortgage Revenue Bonds (Single-Family Mortgage Program), 2024 Series A (Non-AMT) and approximately $42.205 million Mortgage Re...

 PRESS RELEASE

UPDATE: LifeWallet Announces a Comprehensive Settlement with a Group o...

UPDATE: LifeWallet Announces a Comprehensive Settlement with a Group of Affiliated Property & Casualty Insurers  CORAL GABLES, Fla., April 18, 2024 (GLOBE NEWSWIRE) --  MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) (“LifeWallet” or “the Company”) announces another comprehensive settlement with a group of affiliated property and casualty insurers (“P&C Insurers”) that write personal lines of P&C insurance in multiple states. In addition to settling existing claims, the settlement establishes a going-forward process to collaboratively and timely resolve future claims, as well as share ...

Modesto Irrigation District, CA: Update to credit analysis

Our credit view of Modesto Irrigation District reflects its solid liquidity levels and competitive rates relative to the regional IOU, constrained by its exposure to ratepayer concentration.

City of Goodlettsville, TN: Update to credit analysis following upgrad...

Our credit view of Goodlettsville, TN, highlighting a growing local economy, robust financial position, and low leverage.

Moody's Ratings upgrades Goodlettsville, TN to Aa2 from Aa3

Moody's Ratings (Moody's) has upgraded Goodlettsville, TN's issuer rating and general obligation unlimited tax (GOULT) debt ratings to Aa2 from Aa3. The city had $12.5 million of debt outstanding as of fiscal 2023. The upgrade to Aa2 reflects the city's robust financial position marked by very str...

American Credit Acceptance Receivables Trust 2024-2: Pre-Sale – ACA’s ...

Our credit view of the transaction, including our analysis of the assets and the securitization structure.

Wentworth Institute of Technology, MA: Update to credit opinion

Our credit view of this issuer reflects its solid liquidity with 368 monthly days cash on hand, against its leverage, which is quite elevated compared to peers, and a good strategic position

Edelman Financial Engines Center, LLC (The): Update following rating a...

Our credit view of this issuer reflects its high leverage, against its leading market position.

Moody's Ratings assigns provisional ratings to American Credit Accepta...

Moody's Ratings (Moody's) has assigned provisional ratings to the notes to be issued by American Credit Acceptance Receivables Trust 2024-2 (ACAR 2024-2). This is the second ACAR auto loan transaction of the year for American Credit Acceptance, LLC (ACA; unrated) and the sixth transaction of the she...

Rating Methodology: US Charter Schools

This methodology describes our approach to rating US charter schools.

Rating Methodology: Railcar Leasing Securitizations: Surveillance

This methodology describes our approach to monitoring ratings for asset-backed securities (ABS) backed by railcars and associated leases.

Rating Methodology: Tobacco Settlement Revenue Securitizations

This methodology describes our approach to rating tobacco settlement revenue securitizations.

Rating Methodology: US Housing Finance Agency Single-Family Housing

This rating methodology describes our approach to rating US housing finance agency single-family housing bonds.

Rating Methodology: Future Receivables Securitizations

This methodology describes our approach to rating future receivables securitizations.

Rating Methodology: US FHA-VA Residential Mortgage-backed Securitizati...

This methodology describes our approach to monitoring ratings on transactions backed by portfolios of FHA and VA mortgage loans.

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