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Impact of COVID-19 on the Financial Markets and Non-Profits

To Our Clients:

We have created this page so that we can post resources for your reference regarding the impact of COVID 19 on the financial markets for non-profits.

Click here for a Message from CHEFA about COVID 19

 

Acacia Weekly Municipal Market Update 04-27-2020

Acacia Financial Group, Inc., a SEC and MSRB Registered Municipal Advisory Firm, reported some market weakness in the prior week as yields rose 14-23 basis points across the yield curve.  The new issue calendar for the upcoming week will total approximately $6.8 billion and be led by the Power Authority of the State of New York at $1.1.billion, offering of tax-exempt and taxable bonds.  The full report can be found at the provided link below :

Acacia Weeklu Municipal  Market Update 04-27-2020

 

U.S. SBA Corona Virus Relief Options
CHEFA would like to share the U.S. Small Business Administration’s (SBA) link which provides small business guidance and loan resources in the wake of the COVID-19 pandemic:

U.S. Small Business Administration's Information Link

 

S&P Global Ratings LIVE: U.S. Public Finance Credit Updates
Date:  Thursday, April 16, 2020

Time:  2:00pm Eastern Daylight Time
Duration:  1 hour
In an initiative to drive transparency and provide the market with timely, transparent, and forward-looking credit opinions, S&P Global Ratings will be holding a U.S. Public Finance focused bi-weekly webinar starting Wednesday April 16, 2020. 

Covering U.S. Public Finance ratings practices, we will define the agenda and speakers based on events, the most notable recent rating actions and questions we receive from market participants through our usual activity and the registration page for the webinar.

Click on the link below to register:

U.S. Public Finance Credit Updates Webinar 4-16-2020

April 9, 2020 Oppenheimer Municipal Market Update Conference Call
Date:                    April 9, 2020
Time:                    2:00 p.m.
Dial-in:                 833-509-0045
Passcode:            7697438

Fitch Ratings in combination with Oppenheimer & Co., will be hosting a conference call, “Where Do We Go From Here?” on April 9, 2020 @ 2:00 p.m.  Jeff Lipton, Oppenheimer Managing Director, Head of Municipal Research and Strategy, will be providing his perspective on Fiscal and Monetary Policy Action, Market Behavior and Investor Reaction, Rating Agency Actions and Long-term Implications for State and Local Governments.

Acacia Weekly Municipal Market Update 04-03-2020

Acacia Financial Group, Inc., a SEC and MSRB Registered Municipal Advisory Firm, reported weaker new issue volumes for the month of March.  The new issue calendar remains light and heavily influenced by interest rates swings and credit spreads responding to the COVID-19 crisis.  The full report can be found at the provided link below :

Acacia Weekly Municipal Market Update 04-03-2020

 

Standard & Poor’s Live Webinar and Q&A: All U.S. Public Finance Sector Outlooks Are Now Negative
On April 2, 2020 at 1:00 p.m., Standard and Poor’s will be hosting a live webinar and question and answer period, regarding their recent action to downgrade all public finance sector outlooks to negative.  Please register and join the webinar by clicking on the link below:

Click here for registration and information

Rating Agencies Panel Discussion on  COVID-19
On April 7th, 2020, Orrick, Herrington & Sutcliffe, LLP in association with Bond Buyer, will host a rating agency panel discussion on COVID-19. The panelists will share their concerns and perceptions, intended to help issuers, bankers and advisors evaluate financing plans and develop strategies for how to manage the effects of  COVID-19.

Click here for registration and information

 

Acacia Weekly Municipal Market Update 03-27-2020
Acacia Financial Group, Inc., a SEC and MSRB Registered Municipal Advisory Firm, reported a stronger municipal market tone highlighted by a strengthening primary market where a few sizable transactions were priced and met with strong investor demand.  The full report can be found at the provided link below :

Acacia Financial Group Weekly Municipal Market Update - 27Mar20

Fitch Ratings Coronavirus Impact on NFP Hospitals and Life Plan Communities Webinar
Fitch Ratings has made a replay of their recent Webinar "Coronavirus Impact on NFP Hospitals and Life Plan Communities” available.  Please use the following link to register for the webinar replay which lasts approximately 1 hour:

Fitch Ratings Coronavirus Impact on NFP Hospitals and Life Plan Communites Webinar

 

Loans Available to Nonprofits via the CARES Act (Coronavirus Aid, Relief, and Economic Security Act)
The National Council of Nonprofits has outlined the various loan programs available under the recently enacted CARES Act.  Please use the following link to view the document:

CARES Act

 

Navigating the Municipal Markets and Issuer Finances: Perspectives on the COVID-19 Impact Webinar
PFM Financial Advisors LLC, held a webinar on March 30, 2020, detailing the broad impact of the COVID-19 virus on the financial markets and balance sheet.  A replay of this webinar is available via the following link:

PFM Financial Advisors Webinar