Standard & Poor's Ratings Services said it raised its rating on the New Hampshire Municipal Bond Bank's existing bonds issued under the 2005 resolution two notches to AA from A-plus.
It assigned a AA rating to NHMBB's series 2015A bonds. The outlook is stable.
"The upgrade reflects a very strong financial risk score, which we previously determined to be strong, primarily reflecting the availability of additional equity and pledged reserves," said Standard & Poor's credit analyst Scott Garrigan.
The MSRB is warning investors that the redemption of Build America Bonds under an extraordinary redemption provision could result in losses, especially for those purchased at a premium.
With billions of federal funding available from the Infrastructure Investment and Jobs Act, one observer says it could be limiting the amount of municipal bonds issued by the sector.
Teague, most recently an executive director of the municipal securities department at Morgan Stanley, will focus on surface transportation.
Steven Mahr moved to Chicago two years ago, and in March, he moved from Stifel to the city's finance department, where he's now happily tackling tough problems.
S&P Global Ratings joined Moody's in assigning a negative outlook to its triple-A rating, but a criteria change pushed Fitch's rating of the city up to AAA.
Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
