Standard & Poor's Ratings Services said it raised to A-minus from BBB-plus its long-term and underlying ratings on Hillsborough County School District, Fla.'s sales tax revenue bonds.
The outlook is stable.
"The upgrade reflects our view of the district's historical and projected increases in maximum annual debt service coverage and continued signs of economic stabilization," said Standard & Poor's credit analyst Ruth Ducret.
A combination of a "stronger-than-expected economy, higher Treasury rates, robust supply, and rich valuations resulting in choppy markets" have made the trading environment in H124 "quite difficult," according to Barclays.
Two rating agencies upgraded Los Angeles Unified School District's bond ahead of multi-billion dollar refunding.
The Basel III Endgame proposal to restructure capital holding levels comes under fire.
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
