News Results

Added debt drove one-notch downgrade but long-term benefits seen.

Moody's cut the rating of Oak Lawn, Illinois, to the lowest investment grade level.

Recently announced streamlining and rumored budget cuts and layoffs at SIFMA are causing market participants to worry about its commitment to municipal securities.

Agencies across the country said the case filed by a Florida utility could expose them to "unprecedented" federal oversight of public power contracts.

The University of Michigan's preliminary October consumer sentiment index reading was 99.0, compared to the final September 100.1.

Stan Brezenoff expects to tap public-private partnerships and design-build as he sets out to rectify the troubled New York City Housing Authority,

Pension obligation bonds won't be in the mayor's budget plan, and rising rates are making it harder for a deal to pencil out.

A government official said the governor took the action as a step to restore Puerto Rico's credit.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index increased 11 basis points to 4.26%.

Gov. Phil Murphy signed a bill funneling 1.25% of sports betting revenues to the Casino Reinvestment Development Authority.

County Executive Steven Bellone of Suffolk County, N.Y. is among those who have asked to speak at a Nov. 5 public hearing.

New municipal bond issues were well received on Thursday as market tone improved.

With upside and downside risks balanced, Federal Reserve Bank of Kansas City President Esther George said Thursday, gradual rate hikes remain appropriate.

The Build Illinois bonds still carry single-A to double-A ratings, even after rating cuts tied to the state's overall fiscal woes.

Raymond James has hired Guy Yandel to open a public finance office in Denver and to expand the firm’s public finance business in the mid-western, mountain, and western states.

More than 100 local governments around the state will ask their voters to approve tax measures in November.

Municipals were mixed at mid-session as Treasury investors made an about-face and pulled down yields in the wake of a stock market swoon.

Municipal bonds may not be the most exciting of securities, but in times of high volatility and high risk they serve a vital purpose, says Luis Maizel, co-founder of LM Capital, an employee-owned minority business in California. Maizel, who is one of the nation’s few Mexican-born fund and income managers, also talks about other fixed-income classes and weighs in on immigration and trade concerns. Chip Barnett hosts.

S&P said Pennsylvania's rejection of Wilkes-Barre from a state workout program presents no immediate pressure to its overall credit quality.

The grand opening of Bancroft Capital, a certified service-disabled veteran-owned small business, is set for Veterans Day.

Connecticut must deal with a timing discrepancy between a bond covenant and a legislative amendment intended to loosen its restrictions.

Cook County Board President Toni Preckwinkle unveiled a $5.92 billion spending plan for fiscal 2019.

Municipal CUSIP requests declined after a record surge in August, suggesting a possible issuance slowdown.

The placement carries a maturity of up to two years, and a Michigan State spokeswoman said the school will eventually issue long-term bonds.

The judge's record so far suggests a pattern that may encourage further appeals in the biggest U.S. municipal bankruptcy.

The Tennesee capital will issue $775 million of general obligation improvement bonds.

Rice Financial Products Co. has expanded its presence in the municipal bond marketplace with four new hires in New York City.

Larry Kosmont's advisory and real estate firm thrived after the state axed local redevelopment agencies.

Nassau County Executive Laura Curran is pushing a bonding proposal to pay for more than $100 million of taxpayer refunds.

Northwestern Memorial Healthcare's long-stalled acquisition of Centegra was finalized last month.

The Toledo, Ohio-based healthcare operator will sell $1.5 billion of bonds next week, of which $1.2 billion will be taxable.

The municipal bond market returned from a three-day holiday weekend only to see action pick up where it left off last week — with yields heading higher.

With municipal yields rising more than they have in years, investors see a rare opportunity for fourth-quarter tax swaps.

The agreement ends an attempt by unsecured creditors to scuttle a restructuring of $4.1 billion bond debt.

After seeing yields rise in recent days to close out the week, the muni market will see under $5 billion in the upcoming holiday-shortened week.

The whistleblower responsible for federal investigations and lawsuits accusing banks and broker-dealers of fraud and collusion in the remarketing of variable rate demand obligations will likely be forced to go public because of a recent ruling by Massachusetts’ highest court.

The New York City Comptroller is encouraging greater diversity among investment managers hired by the city’s pension funds.

Baylor Scott & White's planned merger with Houston-based Memorial Hermann would combine $5 billion in debt.

The Clark Public Utilities District says improvements are needed for future customer growth.

The District of Columbia Housing Finance Agency priced $74.5 million of tax-exempt bonds.