Headlines for March 20, 2017
Portland, Maine, received an upgrade from S&P Global Ratings as it gears up to address capital improvements.
The Justice Department said it does not intend to criminally charge New York Mayor Bill de Blasio or people fundraising on his behalf.
New York Mayor Bill de Blasio painted a grim landscape for his city should the massive cuts in President Trumpís proposed budget materialize.
The National Collegiate Athletic Associationís 8-year extension of its lucrative broadcast agreement with two major broadcasting networks wasnít enough to stave off a downgrade.
Ed Fierro has joined Bracewell after leaving the SECís Office of Municipal Securities.
Illinois stands to lose $40 billion in federal Medicaid funding over the next 10 years under the current Republican plan to replace the Affordable Care Act as Moodyís warns that the plan is a negative credit development for states.
Amie Riggle Berlin, the SECís lawyer who handled its case against Miami and Michael Boudreaux, explained the important aspects of a reliance on professionals defense and the need for issuers to stay truthful in their offering documents during a conference panel.
McCarran Airport in Las Vegas received a one-notch upgrade on its revenue bonds ahead of plans to price $187.9 million.
U.S. Virgin Islands President Myron Jackson criticized Gov. Kenneth Mapp over his financial management of the territoryís financial crisis.
Threats to St. Louis Universityís medical accreditation adds some remote credit risks to the schoolís rating if not successfully resolved, Moodyís Investors Service said.
Municipal market participants will be more than ready to deal with another light calendar, as some uncertainty that was surrounding the market about interest rates has now subsided, helping to strengthen demand.
GovernmentSecurities Prices 10-year: 97 25/32 to yield 2.51%, up 7/3230-year: 97 24/32 to yield 3.12%, up 13/32 Municipal BondIndex 122 13/32 up 10/32 The Bond Buyer's30-Day VisibleSupply (as of 3/20) Total: $10.070 billion, up $1.318 billionCompetitive: $4.041 billion, up $789.9 millionNegotiated: $6.029 billion, up $527.7 million The MuniCenter List Offering total: $13.939 billion, down $380.2 million