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Kroll Assigns AA with Stable Outlook to Assured Guaranty Corp.
Assured Guaranty Corp., a financial guaranty subsidiary of Assured Guaranty Ltd, together with its subsidiaries, has been assigned an insurance financial strength rating of AA, with a stable outlook, by Kroll Bond Rating Agency.  more »
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Wells Fargo would lose out on financial business with the city of Chicago for two years under an ordinance proposed Friday by the City Council’s powerful Finance Committee chairman in the aftermath of the firm’s phony accounts scandal. more »
Municipal bond issuance for September swelled 45% to $35.7 billion, the highest volume for the month in records going back to 1986, driven by an unexpected surge in new money deals. more »
The judge assigned to Calvin Grigsby's federal discrimination lawsuit against the city of Shreveport, La., is considering whether to dismiss the complaint. more »
The Michigan Finance Authority completed a private placement of $226.3 million of bonds Thursday to refund Detroit Public Schools paper set to lose its state aid backing Oct. 1. more »
Assured Guaranty Ltd. said that its subsidiary Assured Guaranty Corp. has entered into an agreement to acquire MBIA UK Insurance Limited, the European operating subsidiary of MBIA Insurance Corporation, which was announced with a press release on Thursday morning. more »
New York City and Connecticut officials became the latest to take aim at Wells Fargo as the bank's fake-accounts scandal resonates through the municipal bond world. more »
Illinois plans to return to the market next month with a $1.3 billion general obligation refunding that would be followed by a $480 million new money GO issue. more »
California’s treasurer blocked Wells Fargo from bond underwriting and other business relationships, as shockwaves from a fake accounts scandal in the company’s retail bank rocked the fifth-largest municipal underwriter. more »
The board of New York's MTA approved its new rotation of bond underwriters while holding off on the application of Wells Fargo Securities. more »
California Treasurer John Chiang will make an announcement regarding Wells Fargo Bank at a press conference this afternoon. more »
Municipal experts say the fourth quarter municipals should continue to garner strong demand from investors in the last three months of 2016. more »
The PFM Group added Mary Francoeur, who has spent the last eight years at Assured Guaranty. more »
Some strategists say they will increase credit quality and shorten duration for overall risk protection, while others are identifying premium bonds, bonds with short calls, and those with average life structures to boost yield. more »

Rhode Island General Treasurer Seth Magaziner, in an in-depth chat with Bond Buyer northeast regional editor Paul Burton, explains how the state can rebound through infrastructure. He also talks about his push to require investment firms to reveal public pension fees, lessons learned from the 38 Studios debacle, and his teaching days in post-Katrina Louisiana early in his career.

Regardless of which candidate takes the oath of office next January, improving our country’s infrastructure will be on the next president’s agenda.

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