credit rating News

Fla. Cat Fund May Borrow Billions Even Without Another Hurricane

The Florida Hurricane Catastrophe Fund is well equipped to handle losses from Hurricane Ian, which are now estimated to cost the fund about $10 billion, but it could mean the fund will have borrow billions next year – at steep …

Cities Are Buying Bond Insurance That May Be Giving Them Nothing

Around noon one Wednesday in July, two school districts from California’s Central Valley auctioned off their bonds to Wall Street underwriters. Both had the same credit rating. The deals were of similar size. They were being issued for the same …