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Stable Year Seen for Public Power Utilities, Despite Trump-Driven Uncertainty
Despite potential changes in environmental and energy policies under President Trump, analysts at Moody’s Investors Service expect public power utilities to remain stable in 2017.  more »
Energy-producing states affected by two years of deterioration in natural resource prices can expect continued global headwinds to pressure revenues, according to Fitch Ratings. more »
There is a sense among some market participants that the landscape for state credit has shifted amid concerns about revenue loss, pension liabilities, and other difficult-to-solve problems. more »
In the week ended Dec. 1, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose 12 basis points to 4.35% from 4.23% in the previous week. The BB40 Index is based on the price of 40 long-term bonds. more »
Catholic Health Initiatives, one of the nation’s largest nonprofit health care providers, is in danger of a downgrade from S&P Global Ratings after analysts placed its A-minus rating on its negative watch list. more »
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose four basis points to 4.23% in the week ended Nov. 22 from 4.19% in the previous week. more »
Municipal bond fund flows reversed course as investors pulled cash out at the fastest pace in more than three years, according to weekly Lipper data released late Thursday. more »
In the week ended Nov. 17, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose 22 basis points to 4.19% from 3.97% in the previous week. The BB40 Index is based on the price of 40 long-term bonds. more »
The Federal Trade Commission’s heightened scrutiny and challenge of not-for-profit healthcare mergers may not change much under a Trump administration, law firm Holland & Knight says a report. more »
As Rep. Devin Nunes joins the executive committee of Trump’s transition team, some state and local officials worry he will gain support for his controversial pension bill next year. more »
The heightened focus on disclosure in green bonds could inspire better disclosure practices in the larger municipal bond market, S&P Global Ratings said in a report this week. more »
California's $2 per pack increase on cigarettes is credit negative for tobacco bonds, nationally. more »
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose three basis points to 3.97% in the week ended Nov. 10 from 3.94% in the previous week. more »
While backers tout the benefits of green bond certification, municipal issuers must examine whether it's the best fit. Concerns include costs, procedural burdens and redundancies. more »

In a Bond Buyer roundtable, Northeast regional editor Paul Burton and markets reporters Chip Barnett and Aaron Weitzman explain how the muni market is a microcosm for a crazy year. They discuss issuance, yields, red-flag states, New York City’s finances and what we might expect in 2017.

Here are some of the key "known unknowns" — factors that are likely to affect valuations and creditworthiness and functioning in the state and local finance sector — as the Trump Administration and Congress sort them out.

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