News Results

KBRA and Fitch Ratings downgraded Chicago's general obligation bonds to BBB-plus from A-minus on Wednesday, and both kept their rating outlooks at negative.

KBRA downgrades the long-term rating on the City of Chicago, IL General Obligation Bonds to BBB+. Concurrently, KBRA assigns a long-term rating of BBB+ to the City of Chicago, IL General Obligation Bonds, Taxable Series 2026A and General Obligation Bonds, Series 2026B.

There is a positive view of the muni market in the long-term due to a mix of attractive tax-adjusted yields and a generally favorable credit backdrop, said Cooper Howard, director of fixed income research and strategy at Charles Schwab.

The Texas city is reviving a seawater desalination project as it faces a water supply crisis that has impacted its bond ratings.

After Columbus, Ohio, voters gave the green light in November, Mayor Andrew Ginther this month released his plan for the affordable housing bond proceeds.

The "ratepayer protection pledge" requires tech companies to cover the costs of powering data centers.

Le will work out of Oppenheimer's Los Angeles office and will focus on California while also supporting clients across the west, the release noted.

While broader economic risks remain, market dynamics are being driven by supply, demand and income generation, rather than macro headlines, said Pat Haskell, head of the municipal bond group at BlackRock.

The drinking and clean water state revolving fund programs and other water infrastructure programs are up for reauthorization this year.

Moos, who was most recently a managing director of municipal bond sales at Wells Fargo (WFC), will report to Bryan Baebler, BAM's head of municipal capital markets.

The Albany-based lawyer specializes in conduit financing.?

Plano is the first of six Dallas Area Rapid Transit member cities to cancel a May 2 election to drop out of the agency, while others could follow suit.

Appeals challenging authorization for $1.45 billion of ratepayer-backed bonds sold in the wake of a 2021 winter storm are in the hands of the high court.

KBRA assigns a long-term rating of AA+ to the Triborough Bridge and Tunnel Authority Payroll Mobility Tax Senior Lien Refunding Bonds, Series 2026A. Concurrently, we affirm the long-term ratings on outstanding Senior Lien PMT Bonds and certain outstanding PMT Bond Anticipation Notes issued with final maturities of greater than three years.

"Trump indicated the administration will implement additional tariffs under different authorities, and we expect the aggregate effective tariff rate to ultimately settle around 13%, largely unchanged from current levels," Nuveen strategists said.

Jeff Lipton compares The Bond Buyer's 2026 Predictions Report to his outlook series.

The Bond Buyer's 2026 Predictions Report shows professionals expect growth for the year ahead, but are cautious about changes coming to the central bank.

Mamdani's first proposal showed the worst-case scenario to close New York City's budget gap. He wants the state's help.

Bond markets believed Trump would likely keep tariffs in place in some form ? even before the president made his announcement later in the afternoon ? which partly explains their muted response throughout the day.

Senior public finance banker Eric Avila has joined Siebert Williams Shank & Co. as managing director and head of the Midwest region.

JPMS violated MSRB Rule G-32 as well as MSRB Rule G-27, FINRA found.?

While near-term uncertainty is inevitable, the court's decision should be accretive to growth expectations and somewhat disinflationary.

The commission also approved developing a plan to refund $286 million of bonds.

Money is flowing into mutual funds and buyers are snapping up deals.

California voters face roster of massive measures, headlined by high-stakes billionaire tax battle.

This is the sixth time in seven weeks that inflows have topped $1 billion.

"This split enforcement action is unconstitutional and unlawful," their opening brief said.

Huntsville Healthcare Health System plans to use a private placement to make the $450 million purchase and then refinance with bonds in late 2027.

Philadelphia-based Elizabeth Preate Havey brings deep Pennsylvania connections to Dilworth Paxson's public finance practice.

Ballard has shuttered its decades-old public finance practice.

Although Lee County has been a tourist destination, since COVID, its year-round population increased.

"For 2026, we expect municipal bonds to remain compelling as reinvestment demand stays strong and rate normalization progresses," said Brian Barney, municipal portfolio manager at Parametric.

KBRA assigns a long-term rating of AA- with a Stable Outlook to the Pennsylvania Turnpike Commission Turnpike Revenue Bonds, Series A of 2026 and Turnpike Revenue Refunding Bonds, First Series of 2026.

Colleagues and friends described the investment banker and former deputy state treasurer as a man of integrity with a certain gravitas, a charismatic presence and a calming influence.

Some Northeast issuers are searching for new borrowing strategies to cope with added costs and federal funding cuts.?

The board reflects a range of roles, ages and locations, which is appropriate given how much WPF has grown, its president said.

The Texas city, which has been hit with negative rating actions over its water woes, signaled it will issue revenue bonds in its hunt for new supplies.

The Trump administration has released some funds but work on the megaproject remains halted.

Following this week, the pace of issuance should pick up, Birch Creek strategists said.

"This matter involves unregistered municipal advisory activity by Ford Research and its president, founder, owner, and sole employee Ford," the SEC's order said.