Market Close: Triple-B's Attractiveness a Toss Up
Analysts are divided over whether the municipal market sell-off this week has made triple-B paper more attractive to buy.
Bond Buyer Markets Reporter Hillary Flynn
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A $1.6 billion New York City Development Corporation nonrated financing for the 3 World Trade Center Tower project will thunder into the primary market this week, giving investors a rare opportunity to grab triple-exempt, high-yield bonds from a large specialty state, municipal sources said. more »
Chicago's chief financial officer Lois Scott and veteran New York-based banker and Municipal Securities Rulemaking Board chair Kym Arnone will receive the Freda Johnson Award for Trailblazing Women in Public Finance. more »
Standard & Poor's Ratings Services said it revised its outlook on Tewksbury, Mass., to positive from stable. more »
Florida's East Central Regional Wastewater Facilities Operation in Palm Beach County expects to sell the Southeast region's first green bonds. more »
Standard & Poor's Ratings Services said it revised its outlook to negative from stable and affirmed its A-plus issuer credit rating (ICR) on MaineHealth. more »
Moody's Investors Service said it has upgraded to Aa3 from A1 the underlying rating on Delaware City School District, Ohio. more »
The commonwealth of Puerto Rico's general obligation rally this week most likely stemmed from the flood of high yield paper in the primary market this week, traders agreed. more »
Standard & Poor's Ratings Services said it raised its rating on Newberry Township, Pa.'s outstanding general obligation (GO) bonds to AA-minus from A-plus. more »
Friday morning's market was slow, capping a particularly active week in both the primary and secondary. more »
Sales of new single-family homes grew 0.2% to a 467,000 seasonally adjusted annual rate in September, according to data released by the Commerce Department Friday. more »
Standard & Poor's Ratings Services said it raised its rating to BBB from BBB-minus on the California Municipal Finance Authority's series 2007 revenue bonds issued for the Berkeley Student Cooperative (BSC), which legally changed its name from University Students' Cooperative Association in May 2009. more »
Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating (SPUR) to A from A-minus on Montclair Financing Authority, Calif.'s existing lease revenue bonds issued for Montclair, Calif. more »
Moody's Investors Service said it has downgraded to Aa2 from Aa1, the city of Omaha, Neb.'s general obligation unlimited tax debt (GOULT) rating. more »

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