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Bond parties want several creditor classes' votes in favor of the plan of adjustment to be disqualified.
March 13 -
The separate settlements some bond parties have reached with the Oversight Board "dramatically violate" the trust agreement, the trustee's attorney said.
March 5 -
The Oversight Board approved the restructuring of PREPA power supplier AES's municipal bonds as arguments begin in the plan of adjustment hearing.
March 5 -
The goverment must address expected fiscal challenges or bond payments after 2031 are in jeopardy.
February 28
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In an April 2 special election, voters in Jackson County, home of Kansas City, will decide whether to impose a sales tax to fund a new baseball ballpark.
March 14 -
Chicago will issue $80.865 million of Series 2024A and 2024B senior lien airport revenue refunding bonds for Midway, with a pricing date to be determined.
March 13 -
Rural hospitals and clinics are closing in Wisconsin while Democratic Gov. Tony Evers battles the state's Republican legislature over Medicaid expansion.
March 13 -
Bond trustee UMB Bank notified bondholders that Branson Airport's leaders want to pursue federal grant funding for maintenance and infrastructure upgrades, but it will require bondholder approval.
March 12
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The New York MTA has not sold fixed-rate transportation revenue bonds since February 2021. The first maturity of that deal (4% 11/15/44) priced at +81 and was evaluated at +78 as of Wednesday by BVAL, according to CreditSights strategists. The same maturity but with a 5% coupon was priced at +59 to BVAL.
8h ago -
Municipal bond buyers looking for yield need look no further than the OTB's non-rated tax-exempt revenue bond deal that's set to be priced this week.
March 18 -
The state Supreme Court ruled that prevailing wage rules for public projects don't apply to private entities that borrow using tax-exempt conduit bonds.
March 18 -
"While rate volatility returned this week, should the market return to range-bound levels for a protracted period of time, investors might want to add exposure to sectors that provide the most value and have underperformed thus far," Barclays said.
March 15
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California State Senate suggests deficit-shrinking cuts ahead of formal budget.
9h ago -
Fitch analysts cited improved financial metrics, a full recovery on enplanements and great clarity on its capital program.
March 15 -
Gov. Tina Kotek sent a letter to transportation commissioners asking them to scrap a tolling plan for Portland-area highways that was seven years in the making.
March 15 -
Though the economists don't expect a recession looking out two years, there is a lot of risk related to the conflict in the middle east and uncertainty around monetary policy.
March 13
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Separately, Fitch raised Orlando's $159.87 million of Series 2017A senior tourist development tax revenue bonds, 6th-cent contract payments, to A from BBB.
March 14 -
Since Gov. Ron DeSantis took office in 2019, Florida has paid down $5.3 billion of state debt, or about 25% of the Sunshine State's total debt.
March 14 -
"The muni AAA [high grade] curve has been relatively steady thus far in March, but lags relative to the broader fixed income market after sizable muni outperformance in February," said J.P. Morgan strategists.
March 12 -
The state's February general revenue collections came in $30.62 million below official estimates. but total collections for fiscal 2024 are $428.1 million ahead of forecasts.
March 7
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The $650 million settlement will fund back pay for firefighters, who will also get future wage hikes.
March 15 -
Under a settlement agreement, the Texas Education Agency assigned two conservators to oversee IDEA Public Schools, which was the target of a probe into alleged financial and operational improprieties.
March 14 -
The state's transportation department plans to sell $200 million of highway fund revenue bonds this summer for its Eisenhower Legacy Transportation Program.
March 13 -
Gov. Michelle Lujan Grisham said her public-private sector plan to build a strategic water supply will remain a top priority after a bill for financing failed to advance in the legislature.
March 12