Infrastructure projects in the U.S. are plagued by long pre-construction periods, an under-utilization of the public-private partnership financing model, and an inability to both gain support and access capital, a panel of market participants said this week.
Investment firms and public pension managers called for North Carolina to repeal a law seen as discriminatory to gay, bisexual, and transgender people, saying that it does not bode well for the triple-A rated state.
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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 »
Wells Fargo would lose out on financial business with the city of Chicago for two years under an ordinance proposed Friday by the City Councils powerful Finance Committee chairman in the aftermath of the firms phony accounts scandal. 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 »
Californias treasurer blocked Wells Fargo from bond underwriting and other business relationships, as shockwaves from a fake accounts scandal in the companys retail bank rocked the fifth-largest municipal underwriter. 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.