Topic: Central Falls
State and local governments are unlikely to experience a "material increase" in municipal defaults over the next three to five years, according to...
The smallest city in the smallest state in the nation is in a big financial hole.. . Central Falls, Rhode Island has filed for Chapter 9...
Of the 7,800 bonds in the U.S. secured by state or local governments, only 25 are currently speculative-grade, or junk-bonds, rated by Moody's Ba1...
NEW YORK (Reuters) - A new Rhode Island law that guarantees municipal bondholders will be paid back even if the cities and towns in which they invest go bankrupt could spur a nationwide trend -- if courts allow it to stand.The law adopted ...
CENTRAL FALLS, Rhode Island (Reuters) - A bankruptcy filing this week by Central Falls, Rhode Island, could be a lesson for other struggling cities in the advantages of taking that drastic legal step, the city's receiver said in an interview on Thursday ...
New York (Reuters) - Central Falls, Rhode Island, one of a handful of U.S. cities and counties facing fiscal collapse in the wake of the economic recession, filed for a rare Chapter 9 bankruptcy on Monday.The bankruptcy filing -- a risky and ...
SALT LAKE CITY (Reuters) - Bankruptcy is still a "very strong possibility" for Alabama's Jefferson County, Governor Robert Bentley said on Saturday -- a move that could make for the largest municipal bankruptcy in U.S. history.A $3.2 billion bond debt ...
WASHINGTON (Reuters) - Struggling towns and small communities in the United States are finding economic security in their ranks of pensioners, a retirement expert told a Senate committee on Tuesday."Pension payments are particularly vital to small communities and economies across the country ...
NEW YORK (Reuters) - The tiny cash-starved town of Central Falls, Rhode Island, has been taken over by the state, faces debt defaults and is looking at possible bankruptcy. Now, it stands to lose its identity altogether.The smallest city in the smallest ...
NEW YORK (Reuters) - The tiny Rhode Island city of Central Falls faces $25 million in budget deficits over the next four years and requires more state help to avoid "fiscal collapse," the state-appointed receiver said on Thursday.If the city fails to ...
