To obtain a copy of the report for PABs for 501(c)(3) click the link below.
For informational purposes only and as a courtesy to the State of Vermont borrowers the VMBB has posted weekly the Bond Market News and Analysis reports.
Click on the link(s) below to review the most current Bond Market News and Analysis Report.
Bond Market News and Analysis as of July 10, 2017
Bond Market News and Analysis December 2016
Bond Market News and Analysis as of December 12, 2016
Bond Market News and Analysis as of December 05, 2016
Bond Market News and Analysis as of November 21, 2016
Bond Market News and Analysis as of November 14, 2016
Bond Market News and Analysis as of November 07, 2016
Bond Market News And Analysis as of October 31, 2016
Bond Market News And Analysis as of October 17, 2016
Bond Market News And Analysis as of October 03, 2016
Bond Market News And Analysis as of September 26, 2016
Bond Market News And Analysis as of September 12, 2016
Bond Market News And Analysis as of August 22, 2016
Bond Market News And Analysis as Of August 15, 2016
Free Continuing Disclosure Reminder on EMMA
Moody’s Investors Services Report ~ Monitization of University Property Can Benefit Both Town and Gown
Click Here to view Moody’s Investors Services’ report on how the sale of non-essential real estate can increase endowments and financial reserves; generate additional income to advance its mission; and reduce operating costs for the asset. For a local government, the addition of previously tax-exempt property to the tax rolls can bolster its budget…
NAHEFFA Report on Non-profit Charitable Educational and Healthcare Organizations
NAHEFFA recently released a report on how non-profit charitable educational and healthcare organizations would be harmed if Congress alters or removes the tax-exemption for municipal bonds.
Click on the link below to review NAHEFFA’s report.
VEHBFA closed on the Rutland Regional Medical Center’s Series A bonds on 9/3/13
VEHBFA issued $31.350M in 2013 Series A (tax-exempt) bonds on behalf of the Rutland Regional Medical Center (RRMC) to refund previously issued VEHBFA/RRMC debt and to cover the cost of issuance of the 2013-A bonds. RRMC expects to save approximately $542,000 in year one and an annual median savings of $400,000 from the refunding due to the lower credit spread of the new bonds.
NFP Hospitals Stable, but Showing Signs of Operating Weakness, Wells Fargo Securities.
“The weakening of some FY2013 year-to-date financial and operating metrics hint at the sector’s growing challenges ahead…” Click here for the full report.
U.S. Not-for-profit Health Care Stand-Alone Ratios: Operating Pressures Led to Mixed Results in 2012
According to Standard & Poor’s, “…the 2012 median ratios for stand-alone hospitals remained generally stable compared with the prior year. However, some measures of financial operating performance are beginning to weaken despite revenue growth across most rating
categories.” Click Here for the full report.
VEHBFA Board Met on August 5, 2013 and approved two bond issues
The VEHBFA Board met on August 5, 2013 and approved bond financings for the Rutland Regional Medical Center and Norwich University. Rutland and Norwich expect to close on the financings in September.
Moody’s Investors Services, US Higher Education Outlook Negative in 2013
“Revenue pressure on all fronts intensifies need to grapple with traditional cost structure.” Click here for the full report.